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Mar 10 - 07:55 PM

EUR/USD - Opens Higher As Lower US Yields Underpin

By John Noonan  —  Mar 10 - 05:58 PM
  • EUR/USD opens 0.24% higher after soft US CPI took down US yields nL1N2L81VX

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

  • Resistance is @ 10-day MA @ 1.1975 and break would suggest waning momentum

  • Key support is @ the 200-day MA (1.1831) and break would reignite down-trend

  • EUR/USD will likely consolidate in Asia ahead of the ECB meeting later today

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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