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Apr 11 - 09:55 PM

EUR/USD - Settles Around 1.1900 After Early Dip

By John Noonan  —  Apr 11 - 08:06 PM
  • EUR/USD trading around 1.1900 after dipping t 1.1887 in early Asia

  • It closed on Friday down 0.12% after higher US yields underpinned USD nL1N2M22EH

  • Support is at Friday's 1.1865 low and the 21-day MA at 1.1846

  • Resistance is at last week's 1.1927 high and the 55-day MA at 1.1979

  • EUR/USD isn't trending and more whippy consolidation is likely

  • Key will be moves in US yields and progress of vaccine rollouts in Europe

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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