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Thomson Reuters
Jul 05 - 08:36 AM
EUR/USD - Runs Into Stiff Resistance Ahead US Data
First appeared on eFXplus on Jul 05 - 06:00 AM
  • EUR/USD trades to 1.1711 (EBS) high in Europe, opened 1.1658, low 1.1650
  • Talk of heavy EUR/USD supply 1.1700-25, some likely tied to huge options
  • EUR 2.3 billion expiries 1.1700 today and EUR 1.4bln 1.1735-45
  • German May industrial orders 2.6% mm vs 1.1% f/c. Apr rev -1.6% from -2.5%
  • Focus flips to bias of U.S. traders on return from Jul 4 holiday
  • ADP @ 12.15GMT f/c 190k, last 178k. Services ISM @ 14GMT f/c 58.3 prior 58.6

EURJUSD daily Click here

Source:
Thomson Reuters IFR Markets

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