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Jul 30 - 08:55 PM

EUR/USD - Up Slightly Early Asia After Friday's Rebound

By John Noonan  —  Jul 30 - 06:50 PM
  • EUR/USD trading at 1.1025 after closing +0.36% at 1.1015 on Friday

  • It recovered from 1.0944 low after softer US PCE sent US yields lower nL1N39E211

  • Resistance is at the 21-day MA at 1.1058 and 10-day MA at 1.1090

  • Support is at 100-day MA at 1.0907 and 61.8 of 1.0635/1.1276 move at 1.0879

  • Central bank expectations still driving EUR/USD direction

  • Key data out of the EZ and US this week will help shape those expectations

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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