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Apr 20 - 08:55 PM

EUR/USD - Opens Higher After USD Retreated With Falling US Yields

By John Noonan  —  Apr 20 - 07:25 PM
  • EUR/USD opens +0.62% after USD retreated against majors when US yields fell

  • EUR/USD closed above the 10-day MA at 1.0839 to relieve downward pressure

  • Key resistance @ 1.0920/25 where 21-day MA & 38.2 of 1.1185/1.0753 converge

  • A break above 1.0925 would suggest a short-term bottom is in place

  • Support is at the 10-day MA at 1.0839 and yesterday's 1.0785 low

  • Market will likely take cues from moves in USD/JPY during Asian session

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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