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Mar 11 - 08:55 PM

EUR/USD - Opens Slightly Lower As Firm US Yields Weigh

By John Noonan  —  Mar 11 - 06:45 PM
  • EUR/USD ended a quiet start to the week -0.14% as US yields firmed nL2N3FP1VN

  • Movements were limited as the market looks ahead to today's US CPI release

  • EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 1.0883 and break would warn a top is forming

  • Resistance is at Friday's 1.0980 high with sellers ahead of 1.1000

  • Key resistance is at the 61.8 of the Dec-Feb fall at 1.1034

  • Quiet trading expected in Asia with Tokyo EUR/JPY flows the main focus

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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