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Apr 08 - 08:55 PM

EUR/USD - Opens Higher As Lower US Yields Supported Break-Out

By John Noonan  —  Apr 08 - 07:01 PM
  • EUR/USD opens 0.36% higher after breaking above decent technical resistance

  • Broad USD weakness was the main theme as US yields moved lower nL1N2M121YnL1N2M12H3

  • EUR/USD closed above the 200-day MA (1.1892) for first time since March 22

  • There is good resistance between 1.1970/1.2000 that may stall a move higher

  • 50% of 1.2243/1.1704 @ 1.1973, 55-day MA @ 1.1985, Quadruple top @ 1.1985/90

  • Support is at the 200-day MA at 1.1892 and 21-day MA at 1.1851

  • Price action of late favours buying dips towards 1.1850

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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