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Thomson Reuters
May 02 - 08:36 PM
EUR/USD - Under Pressure Ahead Of US Payroll Data
First appeared on eFXplus on May 02 - 06:45 PM
  • EUR/USD closed below 10-day MA at 1.1185 as impact of FOMC resonates
  • US yields continue to firm as market prices in reduced chance of Fed easing
  • EUR/USD likely to consolidate in Asia ahead of key US non-farm payrolls
  • Price sitting just above fibo support at 61.8 of 1.1110/1.1265 at 1.1169
  • Resistance at the 10-day MA at 1.1185, which is also close by

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