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Apr 27 - 08:55 PM

EUR/USD - Opens Unchanged Ahead Of Fed As Factors Offset

By John Noonan  —  Apr 27 - 06:56 PM
  • EUR/USD opens little changed, as influencing factors offset

  • Higher US yields capped EUR/USD and pressured it at times

  • EUR/JPY buying helped to underpin the EUR/USD at the lows

  • EUR/USD bulls are hesitating before the Fed decision later today nL1N2MK28A

  • There is some risk the Fed Chair Powell will be less dovish than expected

  • EUR/USD support is at the 10-day MA @ 1.2043 and break eases upward pressure

  • Resistance is at the top of a trend-line - which comes in at 1.2114 today

  • EUR/USD trending higher with the 5, 10 and 21-day MA in bullish formation

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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