By John Noonan — Apr 25 - 07:35 PM
EUR/USD opens -0.90% after USD and JPY broadly strengthened in volatile markets nL2N2WN1MV
EUR/USD trending down with the 5, 10 & 21-day MAs in a bearish alignment
The 2020 low at 1.0636 now in sight and the market's objective
Resistance is now at former support at 1.0755/65 where sellers are tipped
Pace of EUR/USD fall may ease if US Treasury yields settle after showing signs of topping nL5N2WN520
Key in Asia will be EUR/JPY flows out of Tokyo after steep fall
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Source:
Refinitiv IFR Research/Market Commentary