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Mar 06 - 07:55 PM

EUR/USD - Opens Higher As EUR Outperforms Peers

By John Noonan  —  Mar 06 - 06:00 PM
  • EUR/USD opens +0.46% as EUR rose against every currency except CHF

  • EUR getting broad support from hawkish ECB expectations nL1N35E0H9

  • Close above the 21-day MA targets the 38.2 of 1.1034/1.0533move at 1.0724

  • The 21-day MA at 1.0662 is now support with more at the 10-day MA at 1.0619

  • EUR/USD may consolidate ahead of Fed Chair Powell's testimony later today

  • Powell will have to be very hawkish as bond market suggesting yields may peak soon

  • EUR/USD bias is higher in the immediate to short-term

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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