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Feb 27 - 02:55 AM

EUR/USD - Hovers Above 1.0530, Eyes 1.0455 Next

By Catherine Tan  —  Feb 27 - 02:05 AM
  • EUR/USD near day's/overnight lows into early European trades

  • US inflation and hawkish Fed fans bearish EUR trend

  • Techs continue to favor lower EUR, next target at 1.0455 38.2% fibo next

  • EUR/USD traded 1.0531-59 range so far in Far East, last 1.0538-41

  • Nearby support at 1.0530, 1.0482 6th Jan low; resistance 1.0641 10dma

  • DXY last at 105.31, eyes 105.52 38.2% fibo, break targets 106.98 50% fibo

  • Awaits more Fedspeak from governor Jefferson later today

  • ECB's de Cos (dove) to speak at 1545GMT, followed by ECB's Lane at 1700GMT

  • Related nL1N3530BF

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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