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
Source:
Refinitiv IFR Research/Market Commentary