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
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Source:
Refinitiv IFR Research/Market Commentary