By John Noonan — Aug 06 - 11:35 PM
EUR/USD opened at 1.1012 after rising 0.57% Friday in wake of US jobs miss nL1N39L29K
It traded with a heavy tone in Asia and drifted down to 1.0996
Heading into the afternoon it was steady at 1.1000/05
Buyers are tipped around the 10-day MA at 1.1002
Support is at 1.0923 where the 55-day and 100-day MAs converge
Resistance is at the 38.2 fibo of the 1.1276/1.0913 move at 1.1051
EUR/USD likely to follow path US yields after the jumped around last week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary