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Aug 02 - 02:36 AM
EUR/USD - Retains Bid Tone As US Yields Under Pressure
First appeared on eFXplus on Aug 01 - 10:35 PM
  • EUR/USD has traded in a 1.1075/1.1097 range and is near the highs
  • US yields remain under pressure and gave the EUR/USD a bid tone
  • Heading into the afternoon it is hovering around 1.1180
  • Resistance at former support at 1.1100/10 and 10-day MA at 1.1132
  • A break above 1.1135 would suggest a short-term bottom is in place
  • Market has plenty to digest after FOMC and escalation of US-China trade war
  • Adding to the mix will be key US non-farm payrolls later today

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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