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Apr 16 - 07:55 PM

EUR/USD - Opens Lower As US Yields Rise On Inflation Concerns

By John Noonan  —  Apr 16 - 06:50 PM
  • EUR/USD opens -0.55% after spike up in US yields on Friday underpinned USD nL1N36H21G

  • Hawkish view from Fed's Waller & rise in inflation expectations behind move

  • EUR/USD still trending higher and Friday's fall may be just a correction

  • The 5, 10 and 21-day MAs remain in a bullish alignment and point higher

  • Only a close below the 10-day MA at1.0947 would warn a top is forming

  • More support is at the 21-day MA at 1.0883

  • A break back above Friday's high at 1.1075 would confirm correction over

  • More resistance is at the March 31, 2022 high at 1.1185

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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