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Feb 03 - 10:55 PM

EUR/USD - Consolidates As Bids Ahead Of 1.2000 Hold For Now

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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