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EURUSD test next immediate support

CROSS ASSET
  • EURUSD now test next immediate support right here at 1.0877 Low Jan 5 and a key short-term support.
  • Below here as noted earlier, some participants will look at 1.0848 (200d MA).
  • Cross Assets, Govies, Equities, and rate markets are mostly anchored and within ranges, with most of the price action happening in FX this morning, following a consistent broader bid in USD.
  • AUDUSD is now also testing the 0.6600 figure and as noted on the open, next stop would see 0.6581, not a tech level, but where AUDUSD was trading pre FOMC on the 13th December.
  • Further out, opens to 0.6521 in AUDUSD.

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