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Apr 23 - 01:55 AM

EUR/USD - Consolidates Around 1.2020 In Quiet Asia

By John Noonan  —  Apr 22 - 11:42 PM
  • EUR/USD opened 0.17% lower at 1.2015 after whippy trading around the ECB [nL1N2MF2FC]

  • Fall on Wall Street due to Biden tax plan helped to support USD and JPY nL1N2MF29C

  • EUR/USD traded down to 1.2013 early Asia before going gently bid

  • Pair traded to 1.2025 before settling just above 1.2020

  • Support is at 10-day MA at 1.1993 and break would suggest waning momentum

  • More support is at the 38.2 of the 1.1704/1.2080 move at 1.1936

  • Resistance has formed at 1.2070/80 where sellers are tipped

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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