By John Noonan — Apr 23 - 11:30 PM
Corrects currency in headline, subscriber codes
EUR/USD opened 1.0989 after rising 0.15% on Friday
It moved higher early Asia before topping out at 1.0996
Sellers at last week's 1.1000 high capping price action for now
EUR/USD drifted back to 1.0980/85 heading into the afternoon session
EUR/USD ended last week flat as it consolidates gains since mid-March
Resistance formed at 1.1000 and break targets the April 14 high at 1.1075
Key support is at the21-day MA at 1.0925 and break would warn top is forming
Flows will be dictated by positioning ahead of next week's Fed and ECB decisions
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary