By John Noonan — Aug 22 - 11:40 PM
EUR/USD opened -0.47% at 1.0844 after US-DE yields widened nL1N3A30ML
EUR/USD completed a bearish outside day Tuesday to renew downward pressure
It was steady in Asia and traded in a 1.0845/56 range
Heading into the afternoon it is just below the session high
EUR/USD support around 1.0830 and break targets 200-day MA at 1.0799
Resistance is at the 10-day MA at 1.0894 and 21-day MA at 1.0945
EZ PMIs out today and could spark some volatility
The main event this week will be Jackson Hole where Powell and Lagarde speak
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Source:
Refinitiv IFR Research/Market Commentary