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Feb 24 - 07:55 PM

EUR/USD - Opens At Familiar Level After Range Trading

By John Noonan  —  Feb 24 - 06:00 PM
  • EUR/USD opens 0.16% higher at 1.2170 after trading in a 1.2109/1.2172 range

  • Rise in US 10-year yield pushed EUR/USD to low in Europe

  • Dovish Powell comments eased the 10-year yield and weighed on the USD in US

  • EUR/USD has opened within 10 pips of 1.2160 the past three days

  • Resistance is at the 61.8 0f the 1.2349/1.1952 move at 1.2297

  • Support is at the 10-day MA at 1.2124 and 21-day MA at 1.2098

  • EUR/USD bias is for higher, but 1.2200 has to give way soon

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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