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Mar 14 - 01:55 AM

EUR/USD - Trades In Narrow Range Ahead Of More US Data

By John Noonan  —  Mar 13 - 11:25 PM
  • EUR/USD opened +0.20% @ 1.0950 after USD eased despite firm US yields nL2N3FR1TY

  • It was another quiet Asisn session with EUR/USD in a 1.0944/53 range

  • Heading into the afternoon it is trading near the session low

  • EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Trend showing signs of weakening as the 5-day MA starts to flatten

  • A break below the 10-day MA at 1.0908 would warn the trend is ending

  • Resistance is at March 8 high at 1.0980 with sellers ahead of 1.1000

  • Market looking ahead to US retail sales and PPI later today

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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