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Apr 05 - 08:55 PM

EUR/USD - Opens Higher As USD Falls On Safe-Haven Unwind

By John Noonan  —  Apr 05 - 07:12 PM
  • Strong gains in key risk assets sent the USD lower across the board nL1N2LY1GT

  • USD weakened despite strong US data as US yields remained contained nL1N2LY11D

  • EUR/USD opens 0.51% higher after edging above 38.2 of 1.1889/1.1704 @ 1.1812

  • Resistance is at the 50% of that move at 1.1846 and 21-day MA at 1.1853

  • Support comes in at the 10-day MA at 1.1774 and break eases upward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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