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Mar 19 - 08:55 PM

EUR/USD - Opens Slightly Lower With FOMC In Focus

By John Noonan  —  Mar 19 - 07:00 PM
  • EUR/USD opens slightly lower after USD/JPY rise gave USD a bid tone nL2N3FX248

  • It bounced from 1.0835/40 where the 50% of Feb-Mar & and 200-day MA converge

  • A close below 1.0830 targets the 61.8 of that move at 1.0803

  • Resistance is at the 10-day mA at 1.0906 where selling is tipped

  • Consolidation expected in Asia ahead of FOMC meeting later today

  • Recent rise in US yields suggests market pricing in a hawkish Fed message

  • Japan holiday likely to limit flows in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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