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Mar 29 - 03:55 PM

EUR/USD - Still On A Slippery Slope Toward Supports By 1.1600

By Randolph Donney  —  Mar 29 - 02:08 PM

  • EUR/USD made a new 2021 EBS low of 1.1760 in very tight qtr-end trading

  • Down on the day and the 5th lower daily high in a row

  • Spec longs expanded last week on hope the 200-DMA prop would hold

  • It didn't and prices are well below that MA, now at 1.1867

  • Falling Bund-Tsy yields spreads may be boosted by U.S. jobs data this week

  • Also have a new multi-trillion dollar spending plan coming midweek

  • The Nov & Sep 1.1602/125 EBS lows will be in play nL1N2LR19B on a break

  • The weekly cloud top and 21-week Bolli are also by those lows

  • EU pandemic news remains troubling nL1N2LR19BnP6N2L900K

  • US got a CDC warning nP6N2L900K despite rapid vaccinations nL1N2LO2QK

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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