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Mar 28 - 09:55 PM

EUR/USD - Closes Slightly Higher After Choppy Trading Day

By John Noonan  —  Mar 28 - 08:35 PM
  • EUR/USD opens a few pips higher after swinging between 1.0945/99

  • The action was in the JPY and EUR/JPY buying helped underpin EUR/USD nL2N2VV1NO

  • EUR/USD resistance is @ 21-day MA @ 1.1002 and close above relieves pressure

  • Support is at the 61.8 of the 1.0806/1.1137 move at 1.0932

  • Bias is bearish, but buyers on every dip frustrating EUR/USD bears

  • EUR/USD likely to remain range-bound ahead of RZ inflation and US jobs data later in the week

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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