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Apr 05 - 01:55 AM

EUR/USD - Consolidates After Slide As Focus Back On Russia-Ukraine

By John Noonan  —  Apr 04 - 11:35 PM
  • EUR/USD opened -0.70% at 1.0970 after threat of more Russia sanctions weighed nL5N2W21XZ

  • In a very quiet Asian session it consolidated in a 1.0966/79 range

  • Heading into the afternoon it is unchanged around 1.0970

  • Resistance is at the 21-day MA at 1.1012 and break eases downward pressure

  • Support is at the 61.8 of 1.0806/1.1185 at 1.0950 and break targets 1.0806

  • EUR under pressure against commodity currencies due to focus back on Russia-Ukraine nL5N2W25PF

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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