By John Noonan — Mar 07 - 10:25 PM
EUR/USD opened -1.26% at 1.0548 as USD surged on hawkish Powell comments nL1N35F184
After trading at 1.0550 it gently eased through the Asian morning
It edged below last week's 1.0533 low before settling around 1.0535
Support is at the 100-day MA at 1.0519 and the 2023 low at 1.0482
Key support is at the 38.2 of the 0.9528/1.1034 move at 1.0458
Resistance is at the 10-day MA at 1.0599 and break would ease the pressure
EUR/USD likely to remain offered ahead of US non-farm payrolls on Friday
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Source:
Refinitiv IFR Research/Market Commentary