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Mar 28 - 02:55 AM

EUR/USD - Recovers From Early Dip In Quiet Asia

By John Noonan  —  Mar 27 - 11:15 PM
  • EUR/USD opened at 1.0828 and eased to 1.0808 in early Asia

  • Bids ahead of support at 1.0800/05 cushioned the fall in thin market

  • Heading into the afternoon the EUR/USD was trading at 1.0820/25

  • The 61.8 fibo fo the Feb-March rise is at 1.0803 where daily lows are found

  • A break below 1.0800 targets the Feb 14 low at 1.0695

  • Resistance is at the 10-day ma at 1.0853 and break would ease pressure

  • Range trading likely until Friday's US PCE index

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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