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Mar 17 - 09:55 PM

EUR/USD - Showing Resilience Despite Rise In US Yields

By John Noonan  —  Mar 17 - 06:30 PM
  • EUR/USD closed a touch higher on Friday despite another rise in US yields nL2N3FT3F3

  • EUR/USD fell just 0.48% last week despite 2-yr US yield rising 24 bps

  • EUR/USD support is at the 21-day MA at 1.0866

  • More support @ 1.0835/40 where 200-day MA & 50% of Feb-March rise converge

  • Resistance is at the 10-day MA at 1.0910 where sellers are tipped

  • Consolidation may continue ahead of Fed decision on Wednesday

  • Market has priced in a hawkish Fed - so risk is for USD to ease if Fed leans dovish

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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