By John Noonan — Apr 23 - 11:55 PM
EUR/USD opened +0.45% at 1.0701 after USD broadly eased on softer US yields nL2N3GW2D5
It traded in a 1.0700/14 range in Asia and is 1.0705 into the afternoon
The close above the 10-day MA at 1.0664 suggests there is a bottom in place
Resistance is @ 1.0740/45 where 21-day MA & 38.2 of March-Apr fall converge
A break above 1.0750 would likely spark a short-term trend higher
Bias is for EUR/USD to edge higher ahead of key US PCE price index Friday
Support is now at the 10-day MA at 1.0664For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary