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Mar 21 - 09:55 PM

EUR/USD - Strugging Ahead Of 1.1900 As Key Support Beckons

By John Noonan  —  Mar 21 - 09:31 PM
  • The EUR/USD bounce from the early Asia low at 1.1870 stalled at 1.1891

  • It is now under pressure again ahead of key support at 200-day MA at 1.1852

  • The spike higher in the USD/TRY has given the USD and JPY a broadly bid tone nL4N2LJ0R7

  • EUR/USD below 1.1880 despite US 10-year yield easing to 1.69% from 1.72%

  • Equity markets are mostly lower, but the losses have been moderate so far

  • A break below the 200-day MA initially targets the March 9 low at 1.1835

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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