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Feb 03 - 11:00 PM

EUR/USD - Drifts In Narrow Range In Quiet Asian Session

By John Noonan  —  Feb 03 - 10:00 PM
  • EUR/USD opened 0.30% lower at 1.1061 and traded in a 1.1056/64 range

  • Asian equity markets were steady to higher ensuring quiet trading

  • Talk of bids layered between 1.1035/1.1000 helped to underpin EUR/USD

  • Resistance ahead of 1.1100 where the 55-day MA converges with Fri/Mon high

  • EUR/USD needs to clear 1.1100 to suggest S/T bottom at 1.1092 is in place







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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