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Feb 25 - 10:55 PM

EUR/USD - Eases Ahead Of Key Inflation Data Later In Week

By John Noonan  —  Feb 25 - 10:15 PM
  • ER/USD opened 1.0830 after closing Friday little changed at 1.0821

  • After trading 1.0834 early Asia it drifted lower when USD broadly firmed

  • It traded down to 1.0813 before settling around 1.0815/20

  • Market is looking ahead to key inflation data out of US and EZ later in week nL2N3FB01E

  • Resistance is at the 55-day MA at 1.0851 and 50% retracement at 1.0917

  • Support is at the 21-day MA at 1.0791 and 10-day MA at 1.0785

  • A close below 1.0780 would shift the pressure back to the downside

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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