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Apr 20 - 06:55 AM

EUR/USD - A Little EUR/USD Rally During A Deep Decline

By Jeremy Boulton  —  Apr 20 - 04:35 AM
  • Apr 20 sees EUR/USD rise 1.0785-1.0823 EBS

  • Pair entrenched in deep downtrend inspired by Federal Reserve policy

  • Decline began at 1.2135 in Jun 2021 reached 1.0758 after ECB on Apr 14

  • Base 20-day Bollinger bands now 1.0714 allowing for deeper drop

  • Next targets: 1.0723, 1.0660, 1.0610, 1.0560 and 1.0397

  • EUR/USD traders keep buying, pair continues to fall IMM/FX




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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