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Mar 30 - 07:55 PM

EUR/USD - =Opens Lower As Key Fibos Support Looms

By John Noonan  —  Mar 30 - 06:05 PM
  • EUR/USD opens 0.42% lower after higher US yields underpinned USD nL1N2LS1MM

  • EUR/USD closing in on support at he 38.2 of the 1.0636/1.2349 move at 1.1694

  • A break below 1.1690 targets the Nov 6, 2020 trend low at 1.1602

  • EUR/USD trending lower with the 5, 10 and 21-day MAs in a bearish alignment

  • A break above 10-day MA at 1.1817 needed to ease the downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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