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Aug 07 - 01:55 AM

EUR/USD - Heavy Tone In Asia But 1.1000 Attracting Buyerrs

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

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