By John Noonan — Nov 02 - 11:15 PM
EUR/USD opened +0.49% @ 1.0622 after USD broadly fell as US yields slid
In a quiet Asian session the EUR/USD traded in a 1.0615/28 range
Heading into the afternoon it is trading around 1.0625
EUR/USD poised to trend higher as 5, 10 & 21-day MAs in a bullish alignment
A close above the 55-day MA at 1.0654 would confirm trend is underway
Support @ the 21-day MA @ 1.0582 and a break would negate positive set-up
US non-farm payrolls later today will likely determine short-term range
A benign US payroll report will help boost the EUR/USD
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary