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Aug 02 - 08:55 PM

EUR/USD - Opens Slightly Higher After Inside Trading Day

By John Noonan  —  Aug 02 - 07:22 PM
  • EUR/USD opens a fraction higher after failing to break back above 1.1900

  • It is well supported on dips as US yields fell sharply following ISM miss nL1N2P92DT

  • EUR/USD starting to trend higher as 5, 10 & 21-day MAs in bullish formation

  • It is unlikely to break too far ahead of the key US payroll data on Friday

  • Support is at 1.1820/30 where the 10 and 21-day MAs converge

  • Resistance is at Friday's 1.1909 high with sellers ahead of 1.1900

  • A break above 1.1910 targets the 38.2 of 1.2266/1.1752 at 1.1948

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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