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Feb 02 - 01:55 AM

EUR/USD - Stays Firm, Beware Lagarde's Press Conference

By Catherine Tan  —  Feb 02 - 01:00 AM
  • EUR/USD maintains firm bias but capped at 1.1034 4th April 2022 high

  • Bearish USD bias on dovish take after Powell's comments underpin

  • Techs bullish EUR/USD, short dates moving averages continue to point higher

  • Markets expect ECB to garner another 50bps hike later

  • Focus on ECB president Lagarde's post decision press conference

  • Any hint of dovish take to trigger profit taking sales

  • Nearby support at 1.0930, 1.0910 10dma, 1.0825 21dma

  • RSI and 21day BB near overbought, could post hindrance to EUR gains

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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