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
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Source:
Refinitiv IFR Research/Market Commentary