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Apr 07 - 08:55 PM

EUR/USD - :Opens Little Changed After Fail Above 1.1900

By John Noonan  —  Apr 07 - 07:00 PM
  • EUR/USD opens virtually unchanged after giving back gains made in London

  • EUR/USD traded 1.1915 before US yields inched higher and underpinned USD

  • Support is at the 21-day MA at 1.1852 and break shifts pressure to downside

  • The 200-day MA is at 1.1889 with the 38.2 of 1.2243/1.1704 at 1.1910

  • A break above 1.1920 targets the 50% of the move at 1.1973

  • Moves in US yields remains the key for EUR/USD direction

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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