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Apr 06 - 08:55 PM

EUR/USD - Opens Little Changed But Still Under Pressure

By John Noonan  —  Apr 06 - 07:40 PM
  • EUR/USD opens a few pips lower after bounce was limited to 1.0938

  • Hawkish Fed minutes ensuring USD remains broadly bid against majors nL2N2W42H9

  • Resistance is at 1.1000 where the 10 % 21-day MAs converge

  • Support is at the March 7 trend low at 1.0806 and likely to be tested soon

  • Hawkish Fed expectations and prospect of more Russia sanctions capping EUR/USD nL5N2W45N5

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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