By John Noonan — Jun 21 - 12:05 AM
EUR/USD opened +0.19% higher at 1.0510 after getting boost from higher bund yields nL8N2Y71F2
It was bid through the Asian session as buoyant equities weighed on USD nL4N2Y80I4
EUR/USD traded to 1.0543 before easing back to 1.0525/30 into the afternoon
EUR/USD above 10-day MA at 1.0519 with next resistance at 21-day MA @ 1.0624
Support at yesterday's 1.0470 low and break would end 3 days of higher lows
EUR/USD may remain stable while equity markets remain relatively calm
Bias is for lower while the 21-day MA contains rallies
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Source:
Refinitiv IFR Research/Market Commentary