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Feb 27 - 11:55 AM

EUR/USD - Holds Narrow Range, USD Bid Puts Focus On Near-Term Support

By Justin Mcqueen  —  Feb 27 - 09:35 AM
  • Focus on US PCE and EZ CPI data keeps EUR/USD range tight (1.0842-66)

  • Potential USD upside into Ldn fix amid corporate month-end nL2N3FB0OI

  • Puts initial focus onto support at 1.0828 (200DMA), 1.0817 (100DMA)

  • Break below 100DMA opens door to 1.08

  • M3 data suggests more or sooner easing that may weigh euro nL2N3FC1FK

  • 55DMA & Feb highs at 1.0886-97 remain a hurdle

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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