By John Noonan — Feb 03 - 09:49 PM
EUR/USD opened 0.07% lower at 1.2035 and traded in a 1.2031/42 range
It was unchanged around 1.2035 heading into the afternoon
EUR/USD trending lower, but bids ahead of a 1.2000 barrier causing a stall
A break below 1.2000 finds support at the 50% of 1.1602/1.2349 move @ 1.1975
Rallies in EUR/USD are being capped ahead of 1.2050 as sentiment is negative nL4N2K95K9
Resistance is at the 10-day MA at 1.2102 and bread would ease pressure
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Source:
Refinitiv IFR Research/Market Commentary