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Feb 26 - 11:55 PM

EUR/USD - Idles Around 1.0850 As Market Looks Ahead To Key Data

By John Noonan  —  Feb 26 - 10:15 PM
  • EUR/USD opened +0.27% at 1.0850 and traded in a 1.0846/52 range

  • Interest limited as market looks ahead to US & EZ inflation data Thurs/Fri

  • EUR/USD forming trend higher as 5, 10 & 21-day MAs in a bullish alignment nL2N3FC03K

  • Resistance is at 1.0885/90 where the 55-day MA and Feb 22 high reside

  • Support is at the 10-day MA at 1.0803 and break would ease upward pressure

  • Bias is for buying dips while 1.0800 holds

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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