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Mar 07 - 11:55 PM

EUR/USD - Trading With Heavy Tone As It Tests Last Week's Low

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

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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