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Thomson Reuters
Mar 04 - 12:12 AM
EUR/USD - Stuck In Range As Early Strength Dissipates
First appeared on eFXplus on Mar 03 - 10:10 PM
  • EUR/USD popped to 1.1390 early Asia after Trump said he wanted lower USD
  • Impact proved short-lived and pair is back to NY closing level at 1.1365/70
  • EUR/USD stuck in range & has opened within 5 pips of 1.1370 4 straight days
  • Range trading likely to continue through the early part of this week
  • Hopefully there will be more volatility after ECB Thursday & US NFPs Friday
  • Close support at the 10-day MA at 1.1357 and 21-day MA at 1.1342
  • Resistance is found at last week's high and sellers tipped 1.1400/20

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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