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Apr 22 - 01:55 AM

EUR/USD - Resilient Despite Rising US Yields In Asia

By John Noonan  —  Apr 21 - 11:50 PM
  • EUR/USD opened -0.21% @ 1.0831 after hawkish Fed speak sent US yields higher nL2N2WJ1D5

  • EUR/USD firmed in Asia and traded to 1.0846 despite US yields moving higher

  • Talk of EUR/AUD short-covering helped to underpin EUR/USD

  • Heading into the afternoon it is trading around 1.0840

  • EUR/USD getting some support on expectations Macron will win French election nL2N2WJ0HT

  • EUR/USD holding around 10-day MA at 1.0833 with bids tipped at 1.0785/1.0800

  • Support is at the April 14 trend low at 1.0758

  • Resistance is @ the 21-day MA @ 1.0913 and break would ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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