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Jan 07 - 10:55 PM

EUR/USD - Hovers Near Friday's Close In Quiet Start To The Week

By John Noonan  —  Jan 07 - 10:00 PM
  • EUR/USD dealt at 1.0957 early Asia after closing near flat at 1.0940 Friday

  • EUR/USD was volatile Friday as strong US jobs were offset by weak ISM services nL1N3DV1WL

  • Asian session was quiet due in part to a holiday in Japan

  • Heading into the afternoon the EUR/USD was unchanged around 1.0940

  • Friday's 1.0877/1.0998 range clearly defined short term support/resistance

  • Support is at the 38.2 of the Oct/Dec rise at 1.0875

  • More support is around 1.0845 where the 55 & 200-day MAs converge

  • Resistance is at the 10-day MA at 1.0998

  • Market may remain in range ahead of key US CPI due later in the week nL4N3DU0IN

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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