By John Noonan — Oct 26 - 06:40 PM
EUR/USD opens -0.07% after recovering from a low at 1.0521
US yields fell despite strong US GDP as inflation component softened nL1N3BW37A
EUR/USD closed at the 21-day MA at 1.0561 to give it a neutral bias
Whippy price action may continue until key levels give way to ignite trend
Key support is at the 1.0448 trend and 2023 low made on Oct 3
Key resistance is @ 55-day MA (1.0680) which has held rallies since Aug 15
Asia might be quiet ahead of US PCE price index later today
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Source:
Refinitiv IFR Research/Market Commentary