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Apr 14 - 09:55 PM

EUR/USD - Testing Resistance 1.1985/90 As USD Remains Soft

By John Noonan  —  Apr 14 - 09:15 PM
  • EUR/USD traded as high as 1.1990 and remains well bid

  • USD continuing to ease as concerns over rising US yields dissipate

  • EUR/USD topped out on 4 occasions between 1.1985/90 in mid-March

  • A break above 1.2000 initially targets the 61.8 of 1.2243/1.1704 at 1.2037

  • The 55-day MA at 1.1972 is now support on dips

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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