Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 08 - 08:55 PM

EUR/USD - Opens Under Pressure As USD Retains Bid Tone

By John Noonan  —  Aug 08 - 06:49 PM
  • EUR/USD fell 0.59% Friday after strong US jobs data sent US yields higher nL1N2PD1TL

  • It is offered early Asia just above support formed ahead of 1.1750

  • A break below 1.1750 targets the 2021 low at 1.1704

  • USD poised to move broadly higher, as US economy seen as outperforming

  • The strong US jobs data resulted in hawkish turn in Fed expectations

  • Perception that US yields have bottomed should underpin USD sentiment

  • Resistance is at 21-day MA at 1.1816 and 10-day MA at 1.1831

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!