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Mar 27 - 08:55 PM

EUR/USD - Slow Start After Modest Fall On Friday

By John Noonan  —  Mar 27 - 06:45 PM
  • EUR/USD idling around 1.0980 in a quiet start to the Asian session

  • It closed -0.15% on Friday following weak German IFO and soaring US yields nL2N2VS2DN

  • EUR fell against every currency last week except the sliding JPY

  • EUR/USD support is at 1.0960/70 where buyers are tipped

  • Bias is bearish, but 1.0960 needs to break soon to encourage fresh selling

  • Resistance is at 1.1010/15 where the 10 &21-day MAs converge

  • More resistance is at 1.1040/45 double-top where offers are tipped

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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