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Feb 28 - 08:55 PM

EUR/USD - Tops Out Around 1.2100 After Early Rally

By John Noonan  —  Feb 28 - 08:27 PM
  • EUR/USD traded up to 1.2101 - as risk on mood in Asia weighs on the USD

  • E-minis are up 0.75% while the Nikkei is +2.20% and AXJ index is +0.85%

  • EUR/USD settling around 1.2090 - just below 21-day MA at 1.2094

  • More resistance is found at the 10-day MA at 1.2116

  • EUR/USD isn't trending and will likely continue range trading

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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