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Mar 15 - 11:00 PM

EUR/USD - Easing US Yields Offsetting EZ Economic Threat

By John Noonan  —  Mar 15 - 09:15 PM
  • EUR/USD has steadied around Friday's closing price around 1.1120

  • EZ economy under threat from coronavirus forced lockdown nL4N2B803M

  • EUR/USD underpinned by 25 BP fall in US 10-year yield to 0.70% and Fed cut nL1N2B806D

  • EUR/USD had an inverse correlation if the 10-year US yields all of last week

  • The 61.8 of 1.0778/1.1495 move at 1.1051 is key support after it held dips

  • Resistance is at Friday's 1.1222 high and break increases upward pressure






eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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