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