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Thomson Reuters
Feb 05 - 12:12 AM
EUR/USD - Barely Moves In Holiday Impacted Asia
First appeared on eFXplus on Feb 04 - 10:15 PM
  • Holiday in most Asian centres ensured very narrow ranges and light volumes
  • EUR/USD barley moved and traded in a 1.1422/40 range through the morning
  • The rising US yields over past two days is weighing on EUR/USD longs
  • Support comes in at 1.1420/25 where the 10 and 21-day MAs converge
  • Key resistance at 200-day MA at 1.1552 with break needed to start trend

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