FX stays rather muted so far on the day ...Middle East

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You can always get a sense of what a lull it is when EUR/USD is trading within a 10 pips range on the day. The dollar was slightly softer in trading yesterday but it isn't anything too significant. So far, there is no follow through of that as some key technical considerations also come into play. I'll break them down below as we take stock of the situation ahead of European morning trade.In the case of EUR/USD, the bounce near 1.0800 now runs into its 200-day moving average of 1.0837. Keep below that and sellers will keep poised in continuing the latest downside run. The 100-hour moving average is now seen at 1.0853 and is a key near-term consideration as well. Keep below that and the near-

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Last updated : 26 March 2024 clock 07:32 AM

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FX stays rather muted so far on the day ...Middle East

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