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Aug 07 - 07:55 AM

EUR/USD - Down, But Far From Out Ahead Of U.S Jobs Data

By Richard Pace  —  Aug 07 - 06:00 AM
  • EUR/USD extends setback from Thurs new 2yr high at 1.1916, to 1.1810

  • Wed's 1.1793 low is next support ahead of Tues-Mon lows 1.1722-1.1695

  • Mild USD recovery, dealers trimming positions ahead of U.S jobs/weekend

  • Options booking profits, hints at EUR consolidation phase nL1N2F908D

  • Uptrend still intact, minimum 23.6% retrace of March-Aug recovery 1.1595

  • Options price tame reaction to Fri's jobs data nL1N2F908Z



EUR=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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