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Aug 29 - 08:55 AM

EUR/USD - Firm U.S. Data Could Add Fuel For Shorts

By Justin Mcqueen  —  Aug 29 - 08:05 AM
  • EUR/USD trades within tight range ahead of U.S. JOLTs data

  • 1.08 holds for now, but firm U.S. data may add fuel for shorts

  • JOLTs (Tue), ADP (Wed). IJCs (Thu), NFP (Fri) due this week

  • August low (1.0765) in focus should 1.08 give way

  • Prior support at 1.0835-45, now resistance

  • ECB hawk sees case for a September rate hike 0#ECBWATCH

  • However, upcoming EZ CPI figures will determine between hike or hold

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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