Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 14 - 11:55 PM

EUR/USD - Edges Lower In Asia As Bears In Control

By John Noonan  —  Mar 14 - 11:00 PM
  • EUR/USD opened -0.60% at 1.0882 after hot US PPI sent US yields higher

  • Dovish Fed expectations have been tempered by higher US CPI and PPI nL2N3FS26M

  • EUR/USD weakness extended in Asia and traded down to 1.0873

  • Heading into the afternoon it is settled around 1.0875

  • Support is at the 28.2 of Feb-March rise at 1.0871

  • Key support is @ 21-day MA @ 1.0860 and break would confirm top is in place

  • Resistance is at 10-day MA at 1.0905 and break would ease downward pressure

  • EUR/USD likely to remain heavy ahead of Fed decision next week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!