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
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Source:
Refinitiv IFR Research/Market Commentary