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Feb 05 - 09:55 PM

EUR/USD - Recovery Pauses As Focus Turns To US Data

By Krishna Kumar  —  Feb 05 - 07:46 PM

• EUR/USD unchanged in Asia after closing 0.2% higher on Thursday

• Buoyed by broadly weaker USD as U.S. yields slide on soft economic data

• Prospects of further Fed rate cuts despite tariff uncertainty support

• Trade war fears abate for now but risk of Trump tariffs on EU remain

• Focus turns to U.S. jobs data Fri and inflation data next week

• Powell's semi-annual Congressional testimony Wed also key for rates

• Resistance at 1.0438, 76.4% of Jan-Feb, clear break opens 1.0500

• Support 1.0350, 1.0320; Wed range 1.0370-1.0443; support
EUR:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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