By John Noonan — Feb 22 - 06:00 PM
EUR/USD opens -0.41% after Fed minutes cemented hawkish Fed outlook nL1N3520YD
Close below 76.4 fibo at 1.0612 confirms bearish outlook for EUR/USD
Next level of decent support is at the 2023 low at 1.0483
Trend lower accelerating with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 10-day MA at 1.0673 and break would ease pressure
EUR/USD likely to struggle while Fed outlook remains hawkish
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary