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Thomson Reuters
May 28 - 08:36 PM
EUR/USD - Opens Lower As US/China Trade Tensions Weigh
First appeared on eFXplus on May 28 - 06:50 PM
  • EUR/USD opens 0.29% lower, as US/China trade concerns escalate
  • Lower US yields offset by falling Bund yields & EZ reliance on global trade
  • EUR/USD close below 10-day MA (1.1171) targets key support at 1.1105/10
  • Resistance at 21-day MA at 1.1187 and yesterday's 1.1198 high
  • Narrow range trading likely in Asia with focus on EUR/JPY flows

eur/usd Click here

10-yr bund yield Click here

Source:
Thomson Reuters IFR Markets

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