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Jul 03 - 02:36 AM
EUR/USD - Hemmed In By Options And Conflicting Factors
First appeared on eFXplus on Jul 02 - 11:20 PM
  • EUR/USD opened unchanged at 1.1285 and traded 1.1285/95 in quiet Asia
  • Option strikes and EUR/JPY selling interest capping the upside for now
  • Lower US yields and short-covering ahead of US jobs data underpins on dips
  • Support at 61.8 of 1.1181/1.1412 at 1.1369 and 100-day MA at 1.1260
  • Resistance at 1.1335/40 where the 10-day and 200-day MAs converge
  • Trading likely to be quiet ahead of US holiday Thursday & US jobs on Friday

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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