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
Source:
Refinitiv IFR Research/Market Commentary