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Jan 05 - 07:55 PM

EUR/USD - Resilient Within Range Despite Hawkish Fed Expectations

By John Noonan  —  Jan 05 - 05:59 PM
  • EUR/USD opens +0.22% after giving back larger gains after hawkish Fed Minutes nL1N2TL1XY

  • It traded as high as 1.1346 at one stage when USD came under broad pressure

  • EUR/USD holding just above 21-day MA at 1.1306 with bids tipped 1.1270/80

  • Key resistance is at the 55-day MA at 1.1380 and Dec 31 high at 1.1386

  • Sideways range trading likely ahead of US non-farm payrolls on Friday

  • Moves in Asia today will be influenced by EUR/JPY flows out of Tokyo

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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