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