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Mar 16 - 08:55 PM

EUR/USD - Opens Lower And Under Pressure Ahead Of FOMC

By John Noonan  —  Mar 16 - 06:43 PM
  • EUR/USD opens 0.23% lower at 1.1903 after trading as low as 1.1882

  • Weak US retail sales underpinned EUR/USD at the lows below 1.1900

  • Trading was quiet and directionless ahead of the FOMC decision later today nL1N2LE1LZ

  • Key support comes in at the 200-day MA which ascends to 1.1843 today

  • Resistance comes in at the 38.2 of the 1.2243/1.1835 move at 1.1991

  • EUR/USD likely to range in Asia, as market positions for Fed outcomes

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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