By Ewen Chew — Feb 04 - 09:25 PM
EUR/USD precariously balanced at Ichimoku Cloud edge before US NFP
Fri close below 1.1956 on EBS would also break 100 DMA, spur selling
Following breach of 1.2000 psych barrier, bullish bets fragile
Steep drop toward 1.1800 may follow; 200 DMA too far to offer support
US nonfarm payrolls the likely next catalyst, strong data expected
Jobless claims, private payrolls hint at upbeat NFP nL1N2K92L7
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Source:
Refinitiv IFR Research/Market Commentary