By John Noonan — Apr 18 - 07:20 PM
EUR/USD opens -0.27% after rise in US yields underpinned USD nL2N2WG15HnL2N2WG0SS
EUR/USD in trend lower with 5, 10 & 21-day MAs in bearish alignment
Resistance at 10-day MA at 1.0998 and break would relieve downward pressure
Support at Friday's 1.0758 low with the objective @ 2020 trend low @ 1.0636
EUR/USD to remain under due to diverging central bank expections
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Source:
Refinitiv IFR Research/Market Commentary