EUR/USD: Pair Drifts Lower

By TickmillForexJan 10, 2022 03:15AM ET

www.investing.com/analysis/eurusd-pair-drifts-lower-200614145

EUR/USD: Pair Drifts Lower

By Tickmill | Jan 10, 2022 03:15AM ET

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EUR/USD drifts lower as the US dollar strengthened against EUR and JPY. EUR/USD opened around 1.1355 after rising 0.55% Friday on US jobs data miss.

The pair traded at 1.1360 early before stating a slow drift lower. Heading into the afternoon, it is at the session low at 1.1338.

EUR/USD support is at the 10-day MA at 1.1324 and 21-day MA at 1.1310. A break below 1.1310 targets a double-bottom at 1.1270/75.

Resistance is at the 55-day MA at 1.1370, as that reading has held since Sep. 16. Friday's gain may be a selling opportunity as long as 1.1370 persists as a resistance.

EUR/USD daily price chart.

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Central Banks

Interest Rates

Next Meeting

FED

1.75%

Jul 27, 2022

ECB

0.00%

Jul 21, 2022

BOE

1.25%

Aug 04, 2022

SNB

-0.25%

Sep 22, 2022

RBA

0.85%

Jul 05, 2022

BOC

1.50%

Jul 13, 2022

RBNZ

2.00%

Jul 13, 2022

BOJ

-0.10%

Jul 21, 2022

CBR

9.50%

Jul 22, 2022

RBI

4.90%

Aug 04, 2022

PBOC

3.70%

BCB

13.25%

Aug 03, 2022

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EUR/USD: Pair Drifts Lower

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