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Feb 29 - 01:55 AM

EUR/USD - Idles In Asia Ahead Of US Inflation Data

By John Noonan  —  Feb 28 - 10:15 PM
  • EUR/USD opened -0.06% at 1.0838 after recovering from 1.0796

  • In a quiet Asian session it traded in a 1.0828/40 range

  • Heading into the afternoon it was unchanged at 1.0835/40

  • Support is at the 21-day MA at 1.0793 and break shifts pressure to downside

  • Resistance is at the 55-day MA at 1.0883 and last week's 1.0890 high

  • A break above 1.0900 would re-ignite short-term trend higher

  • Key event later today will be US PCE index and bond market reaction

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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