By John Noonan — May 04 - 11:40 PM
EUR/USD opened +0.98% at 1.0622 after late rally due to Powell comments nL2N2WX01B
It eased to 1.0604 early Asia before finding buyers ahead of 1.0600
It hipped back up to 1.0642 before settling unchanged at 1.0620/25
The 10-day MA is at 1.0603 and another close above that reading solidifies support
Resistance is at the 21-day MA at 1.0727, which should be stiff resistance
Bids tipped 1.0575/80 and a break below would shift pressure to the downside
Trading in Asia was quiet due to Tokyo holiday
EUR/USD may consolidate ahead of US non-farm payrolls Friday
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Source:
Refinitiv IFR Research/Market Commentary