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May 24 - 08:55 PM

EUR/USD - Opens Higher As Fed/ECB Expectations Converge

By John Noonan  —  May 24 - 07:15 PM
  • EUR/USD opens +0.40% as US yields fell and ECB expectations turned hawkish nL2N2XG1ZC

  • It is poised below resistance at 1.0780/90 with sellers tipped around 1.0750

  • The 55-day MA is at 1.0782 and the 38.2 of 1.1495/1.0349 is at 1.0786

  • Support comes in around 1.0545/55 where the 10 & 21-day MAs converge

  • The bias is for higher, as US growth concerns weigh on the USD nL2N2XG27O

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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