By John Noonan — Apr 11 - 07:05 PM
EUR/USD opens a few pips higher after getting support from EUR/JPY buying
EUR was supported by unwinding of shorts following Macron win in first round of French election nL2N2W91PL
EUR/USD support at Friday's 1.0836 low and March 7 trend low at 1.0806
Resistance is at the 10-day MA at 1.0956 and 21-day MA at 1.0990
EUR/USD may remain in range ahead of ECB meeting on Thursday
Market is split on whether or not ECB will signal a hawkish pivot
Political uncertainty and rising US yields likely to limit upside
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Source:
Refinitiv IFR Research/Market Commentary