EUR/USD - Opens Higher On Risk Rally And EU Package Hopes
- EUR/USD gained traction of French-German proposal to bolster EU fund
- Move higher also supported by broad USD & JPY weakness as risk assets soared
- EUR/USD testing 61.8 of 1.1019/1.0766 at 1.0922 with high on this move 1.0927
- More resistance at 55-day MA at 1.0933 and break targets 100-day MA at 1.0971
- Support at the 21-day MA at 1.0851 and the 10-day MA at 1.0840
- EUR/USD likely to consolidate in Asia with EUR/JPY flows dictating direction
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