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Apr 21 - 08:55 PM

EUR/USD - Opens 1.2035 For The Third Straight Day Ahead Of ECB

By John Noonan  —  Apr 21 - 07:06 PM
  • EUR/USD opens Asia unchanged at 1.2035 for the third straight day

  • Pair moved down to 1.1998 before risk rally and hawkish BoC weighed on USD nL1N2ME2Q7nL1N2ME2BL

  • EUR/USD trend higher intact as 5, 10 & 21-day MAs in bullish alignment

  • Support is at the 10-day MA at 1.1983 and break signals weakening momentum

  • Resistance is at the 61.8 of the 1.2349/1.1704 move at 1.2202

  • EUR/USD likely to trade in narrow range in Asia ahead of ECB meeting today

  • ECB to remain on hold and key will be tone of Lagarde press conference

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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