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EUR/USD Hits Channel Resistance, USD/JPY Holding Former Key Low

EUR/USD Hits Channel Resistance, USD/JPY Holding Former Key Low

2014-02-10 13:10:00
Christopher Vecchio, CFA, Senior Strategist
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Talking Points:

- EURUSD through 1.3600, GBPUSD fails above 1.6400.

- Japanese Yen claws back losses from Friday.

- ECB provides the Euro opportunity to rally.

To keep up with developments regarding US economic data, the Federal Reseve's QE3 taper, and their collective impact on the US Dollar, be sure to sign up for my distribution list.

The US jobs report certainly stirred volatility, but the mixed nature of the report has offered little in terms of distinguishable direction for the US Dollar. These are the levels to watch in EURUSD and USDJPY.

Read more: EUR/AUD, EUR/JPY Attempt Post-ECB Reversal

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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