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Mar 30 - 08:55 PM

EUR/USD - Opens Higher As Focus Shifts To Inflation Fighting

By John Noonan  —  Mar 30 - 06:45 PM
  • EUR/USD opens +0.56% after getting a boost from hot German inflation data nL1N3622M6

  • USD broadly weakened as banking crisis concerns fade and risk assets rise

  • EUR/USD traded to 1.0926 - just short of the March 23 high at 1.0930

  • A break above 1.0930 targets the 2023 high at 1.0134

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

  • A break below the 10-day MA at 1.0824 would warn upward momentum is fading

  • EUR/USD likely to consolidate ahead of EZ and US inflation data later today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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