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Jun 21 - 01:55 AM

EUR/USD - Drifts Higher In Calm Asian Market

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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