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Mar 08 - 01:55 AM

EUR/USD - Gives Back Early Gains As Equity Markets Slip

By John Noonan  —  Mar 07 - 10:13 PM
  • EUR/USD pushed up to 1.1931 early Asia as USD eased in risk-on start to week

  • E-minis moved up 0.65% on the open after Senate passed aid bill nL2N2L403Q

  • EUR/USD topped ou when the 10-year US yield moved up close t 1.60%

  • E-minis went negative and Asian stocks gave back early gains

  • The EUR/USD slipped back to 1.1900 where it was into the afternoon session

  • Support is at the 61.8 of the 1.1602/1.2349 @ 1.1878 and 200-day MA @ 1.1820

  • Resistance is found at former support at 1.1950/55

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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