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Aug 05 - 06:55 AM

EUR/USD - Heavy As Dollar Edges Higher Ahead Of U.S. Jobs Data

By Martin Miller  —  Aug 05 - 05:40 AM
  • Dollar edges higher ahead of U.S. jobs data nL1N2ZH0IE

  • Further dollar strength would put downward pressure on EUR/USD

  • EUR/USD has seen a 1.0219-51 range on Friday so far, according to EBS data

  • This range trading may continue until key U.S. non-farm payrolls

  • Huge EUR/USD expiries in the vicinity amid G10 strikes nL1N2ZH0CF

  • EUR/USD chart bearish, but close above a 1.0271 Fibo will defer nL1N2ZH0DB

  • 1.0271 Fibo, a 38.2% retrace of the 1.0787 to 0.9952 (EBS) drop

Source:
Refinitiv IFR Research/Market Commentary

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