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Mar 01 - 10:55 PM

EUR/USD - Drifts Lower As Mood In Asia Turns Gloomy

By John Noonan  —  Mar 01 - 10:20 PM
  • EUR/USD opened +0.88% at 1.0669 after hot German inflation pushed bund yields higher nL1N35915M

  • After trading 1.0672 early Asia it drifted lower when equities eased

  • E-minis eased 0.35% after opening higher - as Tesla shares fell after-hours

  • EUR/USD drifted down to 1.0647 before settling around 1.0650

  • Support is at the 10-day MA at 1.0627 with bids at 1.0635/40

  • Resistance is at the 21-day MA at 1.0685 and 38.2 of 1.1034/1.0533 at 1.0724

  • Bias is for higher after bullish outside day on Wednesday

  • EZ CPI will be main event today following hot readings in France and Germany

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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