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Mar 17 - 08:55 PM

EUR/USD - German Stimulus Vote Goes Ahead - Positive Setup

By Andrew Spencer  —  Mar 17 - 07:35 PM

• Steady after closing up 0.35% with the U.S. dollar off 0.3%

• Trump and Putin to discuss power plants, land in talks to end Ukraine war

• German court throws out new challenges against Merz's borrowing plans

• The decision suggests the German stimulus measures will pass today

• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Positive daily momentum studies - daily signals retain the topside bias

• 1.0937 Nov 2024 high, then 1.0980 0.786% Sep/Feb fall are first resistance

• Last week's 1.0805 low, and then the 1.0724 200 DMA are initial supports

• 1.0900 1.608 BLN and 1.0950 894 mln are the close March 18th strikes
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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