By John Noonan — Apr 07 - 11:35 PM
EUR/USD opened -0.13% at 1.0881 after USD broadly strengthened nL2N2W601T
EUR/USD came under pressure early Asia and remained heavy throughout
Heading into the afternoon it is at the session low at 1.1856
EUR moved lower against most currencies in Asia as Ukraine uncertainty persisted
Market has stopped pricing in a swift, diplomatic end to the Russia-Ukraine crisis nL2N2W52ZO
EUR/USD seems destined to at least test the March 7 trend low at 1.0806
Sellers tipped ahead of 1.0940 with resistance at 1.0990 where 10 & 21-day MAs coverge
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Source:
Refinitiv IFR Research/Market Commentary