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Apr 21 - 01:55 AM

EUR/USD - Gives Back Ground As US Yields Steady And Edge Higher

By John Noonan  —  Apr 21 - 12:00 AM
  • EUR/USD opened +0.62% at 1.0854 after easing US yields sent USD broadly lower nL2N2WI1PS

  • US yields edged higher in Asia with the 10-year yield rising 3 BPs to 1.86%

  • EUR/USD drifted lower through the morning and traded as low as 1.0823

  • Heading into the afternoon it is steady around 1.0825/30

  • It has moved back below the 10-day MA at 1.0836 with next support at 1.0785

  • Resistance is at 1.0920/25 where the 21-day MA converges with a 38.2 fibo

  • Trend is lower while 1.0925 contains rallies

  • EZ inflation data is out later today and may impact price action

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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