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Thomson Reuters
Feb 04 - 12:12 AM
EUR/USD - Consolidates In Holiday Impacted Asia
First appeared on eFXplus on Feb 03 - 10:10 PM
  • EUR/USD traded in a 1.1448/60 range through a quiet Asian morning
  • It is trading unchanged from Friday's close at 1.1453 into the afternoon
  • Lunar New Year keeping most traders on the sidelines with small volumes
  • Sentiment towards EUR/USD bullish, but repeated fails above 1.1500 a concern
  • Support at 21-day MA at 1.1426 and the 10-day MA at 1.1414
  • Resistance at the post-FOMC high at 1.1514 and break targets 1.1570

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