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Mar 20 - 08:55 PM

EUR/USD - Extending Higher Early Asia After Fed Seen As Dovish

By John Noonan  —  Mar 20 - 06:50 PM
  • EUR/USD rose 0.52% to 1.0922 and is edging up to 1.0930 early Asia

  • Move in early Asia coincided with gold spiking to fresh all-time high nL3N3FY48S

  • Markets focused on Fed dot-plots and reacted to 75 bps of cuts in 2024 nL2N3FY2D2

  • EUR/USD closed above 10-day MA at 1.0910 and targets March 8 high at 1.0980

  • Support is at the 21-day MA at 1.0880 and 200-day MA at 1.0839

  • Focus in Asia will be on EUR/JPY flows after cross rose 0.75%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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