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Oct 28 - 01:55 AM

EUR/USD - Drifts Higher As US Yields Continue To Ease

By John Noonan  —  Oct 27 - 11:40 PM
  • EUR/USD opened -1.14% @ 0.9965 when ECB guidance was less hawkish than expected nL1N31S2AU

  • It traded 0.9959 early Asia before tracking higher the rest of the morning

  • The high was 0.9998 before sellers at 1.0000 capped

  • Heading into the afternoon it is trading around 0.9985

  • Key resistance at 100-day MA (1.0082) validated by Thursday price action

  • Support is at the 10-day MA at 0.9900 and 21-day MA at 0.9838

  • EUR/USD rallies likely to be sold while 100-day MA caps

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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