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Mar 30 - 11:55 PM

EUR/USD - Cosolidating Above Key Fibo Support

By John Noonan  —  Mar 30 - 10:58 PM
  • EUR/USD opened 0.41% lower at 1.1716 after USD broadly strengthened Tuesday nL1N2LS1MM

  • It traded up to 1.1726 in early Asia when EUR/JPY buying underpinned

  • The 10-year US yield edged up to 1.74% putting EUR/USD back under pressure

  • After hitting a fresh 2021 low at 1.1708 it settled around 1.1710/15

  • Key fibo support is at the 1.1636/1.2349 move at 1.1694

  • A clear break below 1.1690 targets the trend low at 1.1602

  • Resistance is at the 10-day MA at 1.1817 with sellers ahead of 1.1780

  • Quarter-end flows will likely impact price action later today

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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