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Mar 24 - 10:55 PM

EUR/USD - Grinding Higher As Frustrated Shorts Pare Back

By John Noonan  —  Mar 24 - 09:30 PM
  • EUR/USD edging above yesterday's 1.1014 high, as USD gently offered in Asia

  • USD led lower by 0.50% drop in USD/JPY after days of streaking higher

  • EUR/USD short-covering, as 1.0960/70 has held dips last three days

  • Resistance @ the 21-day MA @ 1.1028 and break would ease downward pressure

  • EUR/USD needs to break below 1.0960 to re-ignite downward momentum

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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