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Mar 08 - 07:55 PM

EUR/USD - Steadies As Market Looks For Next Catalyst

By John Noonan  —  Mar 08 - 06:00 PM
  • EUR/USD opens unchanged around 1.0545, as USD consolidated Tuesday's gains

  • Rise in 2-year US yield had little impact, as Wall Street steadied nL1N35G297nL1N35G2ED

  • Investors had already priced in likely 50 bp Fed hike on March 22

  • Market now looking ahead to US non-farm payrolls for next catalyst

  • EUR/USD support at the 100-day MA at 1.0526

  • A break below 1.0525 targets the 38.2 of the 0.9528/1.1034 move at 1.0458

  • Resistance is at the 10-day MA at 1.0595 and break would ease pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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