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January 05, 2018 08:15 GMT
The pair sits close to session lows.....>
EURO-DOLLAR
EURO-DOLLAR: The pair sits close to session lows of $1.2056 and just above
$1.2038 hourly resistance turned support which could stem any further downside,
but a convincing shift lower would open a move below $1.20 - a level that's
provided strong support over the past two days - particularly in the wake of the
hawkish FOMC minutes.
Eurozone CPI due today is expected to hold at 2.5% Y/Y at 1000GMT which will
provide the initial calendar risk, followed by the all-important US jobs report
at 1330GMT.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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