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Mar 07 - 05:55 PM

EUR/USD - Steady Start After Holding Key Support On Friday

By John Noonan  —  Mar 07 - 04:18 PM
  • EUR/USD slightly firmer in early Asia after rocky Friday session

  • EUR/USD traded below 1.1900 after US jobs report, but held key support nL2N2L32A0

  • The 61.8 of the 1.1602/1.2349 move is at 1.1887 and Friday's low was 1.1893

  • A clear break below 1.1885 targets major support at the 200-day MA at 1.1820

  • Resistance is at former support at 1.1950/55 where sellers are tipped

  • Market eyeing US yields, which fell after spiking higher in wake of US jobs nL2N2L329A

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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