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
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Source:
Refinitiv IFR Research/Market Commentary