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Jun 15 - 08:55 PM

EUR/USD - Opens Modestly Higher After Whippy Reaction To Fed

By John Noonan  —  Jun 15 - 06:40 PM
  • EUR/USD opens +0.28% after a whippy outside trading day

  • EUR/USD fell to 1.0359 after Fed hiked 75 BPs before reversing higher

  • Pair traded to 1.0508 when US yields fell as Fed didn't exceed hawkish expectations nL1N2Y235E

  • EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance @ the 10-day MA at 1.0568 and break would suggest bottom forming

  • Support at 2022 low at 1.0349 validated by price action in wake of Fed

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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