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Mar 20 - 11:55 PM

EUR/USD - Asia Extends Post-Fed Gains

By John Noonan  —  Mar 20 - 11:05 PM
  • EUR/USD opened +0.52% at 1.0922 following dovish Fed dot-plot for 2024 nL2N3FY2D2

  • Rally continued in Asia as EUR/USD traded to 1.0939 before settling @ 1.0935

  • Close above 1.0910 targets Mar 8 high @ 1.0980 with sellers ahead of 1.1000

  • Support is at the 21-day MA at 1.0880 with bids eyed at 1.0900/05

  • EUR/USD likely to press higher while US yields continue correcting lower

  • Buoyant risk assets likely to weigh on USD sentiment for time being

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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