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Feb 27 - 12:12 AM

EUR/USD - Well Bid In Asia As USD Eases Across The Board

By John Noonan  —  Feb 26 - 10:15 PM
  • US yields and the USD moved lower in Asia giving EUR/USD support

  • Concerns over report of coronavirus case in US sent S&P futures 1.2% lower nFWN2AR000

  • EUR/USD opened 1.0880 (session low) and traded as high as 1.0915

  • It is around 1.0910 into the afternoon session

  • A close above the 21-day MA (1.0910) targets 38.2 of 1.1240/1.0778 at 1.0954

  • A close below yesterday's 1.0855 low would result in bearish outside day

  • Key will be US yields and Fed expectations as coronavirus news dominates






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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