By John Noonan — Aug 29 - 11:40 PM
EUR/USD opened +0.56% at 1.0879 after US yields slid on weak US data nL1N3AA264nL1N3AA27T
EUR/USD eased in Asia as USD firmed across the board
US yields edged higher from the NY lows and helped the USD to steady
EUR/USD traded down to 1.0864 and is 1.0865/70 heading into the afternoon
Resistance is @ 21-day MA @ 1.0903 and break would signal end of down-trend
Support is at the 10-day MA at 1.0953 and trendline support is at 1.0775
Markets reacting to all data and there is plenty left this week
EZ CPI and US NFPs will likely determine short-term di9rection
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary