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
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Source:
Refinitiv IFR Research/Market Commentary