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
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Source:
Refinitiv IFR Research/Market Commentary