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Jan 02 - 04:55 PM

EUR/USD - Fall Early Asia On EUR/JPY Sales In Thin Market

By John Noonan  —  Jan 02 - 04:15 PM
  • EUR/USD has traded as low at 1.0650 from Dec 21 close at 1.0715

  • Talk of EUR/JPY selling flows in thin market weighing on EUR/USD

  • EUR/USD rally to 1.0715 on Friday was also attained in thin liquidity

  • EUR/JPY is down 0.77% since the Friday Dec 31 close

  • EUR/USD found bids at 1.0650 and is settling around 1.0650

  • Key support is at the 21-day MA at 1.0600 and break would be bearish

  • Resistance is at the 61.8 of the 2022 fall at 1.0743

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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