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Aug 04 - 08:55 PM

EUR/USD - Strong Close After Another Test Of Downside Support

By John Noonan  —  Aug 04 - 06:50 PM
  • EUR/USD opens 0.22% higher, as short-term trend higher continues

  • Pair touched below 10-day MA for 2nd straight day, but closed above

  • The 10-day MA ascends to 1.0749 and close below would suggest trend fading

  • Sellers tipped between 1.1800/10 with break targeting Friday's 1.1908 high

  • EUR/USD underpinned by concerns over US economy and political uncertainty

  • Key US data in the coming days with US non-farm payrolls on Friday nL1N2F61P7

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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