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Mar 30 - 09:55 PM

EUR/USD - Caution At Quarter End, But Charts Are Positive

By Andrew M Spencer  —  Mar 30 - 07:55 PM

  • Steady - closed +0.67%, as quarter end flows and inflation fears supported

  • Markets often counter trade at quarter end as rebalancing flows dominate

  • Fundamentally hard to be a EUR/USD bull while the Ukraine conflict continues

  • Charts; 5, 10 & 21 day moving averages climb, 21 day Bollinger bands expand

  • Momentum studies head higher - positive signals suggest further gains

  • 1.1231 61.8 of the 2022 fall is initial significant resistance

  • 1.1112 offshore low and this week's 1.0945 base first supports

  • 1.1100 1.551 BLN, 1.1125 758 MLN and 1.1200 2.158 BLN today's close strikes

For more click on FXBUZ


eur Mar 31 Click here

Source:
Refinitiv IFR Research/Market Commentary

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