By Catherine Tan — Feb 15 - 01:10 AM
EUR/USD trades heavy after repeated failure at 1.08 in recent trades
Bears focus at 1.0650-1.0670 supports, sell stops eyed below
Target for sell-off below 1.0650 at 1.0450, no change in view nL1N34T07V
Hawkish Fed expectations after rise in US inflation, bounce in DXY boost USD
DXY last at 103.44, off 102.50 overnight low, nearby resistance at 103.53
Further resistance in DXY at 103.81 61.8% fibo, 103.84 Monday high
Close above targets return to 105 January highs
EUR/USD last at 1.0713-17, traded 1.0712-44 so far in Asia
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Source:
Refinitiv IFR Research/Market Commentary