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Jan 09 - 12:12 AM
EUR/USD - Drifts Higher In Asia As Bids At 1.1100 Underpin
First appeared on eFXplus on Jan 08 - 10:00 PM
  • Option related buying around the 1.1100 help-ed to underpin EUR/USD in Asia

  • There was light EUR/JPY buying out of Tokyo with the cross edging up 0.20%

  • EUR/USD traded 1.1103 early and is around 1.1115/20 into the afternoon

  • Support is at the 38.2 of the 1.0879/1.1240 move at 1.1102

  • More support is found at the 55-day MA at 1.1094 and break targets 1.1065

  • Resistance come is around 1.1140 where the 21 & 200-day MAs converge

  • A break back above 1.1150 would ease the downward pressure

  • German IP is out later today as focus is back on economic fundamentals






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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