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