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Mar 28 - 01:55 AM

EUR/USD - Under Pressure As Bids Ahead Of 1.0960 Finally Give Way

By John Noonan  —  Mar 27 - 10:55 PM
  • EUR/USD opened 1.0985 after closing Friday -0.15% at 1.0981

  • After a quiet start, USD started moving higher due to USD/JPY demand

  • EUR/USD steadily sold off and broke below support at 1.0960/65 to 1.0951

  • Heading into the afternoon it is settling around 1.0955

  • The next level of support is the 61.8 of 1.0806/1.1137 move at 1.0932

  • Resistance I at 1.1011 where the 10 & 21-day MAs converge

  • Sentient is bearish due to diverging central bank expectations

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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