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Apr 29 - 08:55 PM

EUR/USD - Strikes Support, As Charts Call For 1.2200

By Andrew M Spencer  —  Apr 29 - 07:23 PM

  • Flat after closing a touch softer, consolidating Wednesday's topside break

  • Portugal reaches final phase of coronavirus lockdown easing nL8N2MMA6I

  • EZ sentiment surges nL8N2MM5HQ, German COVID-19 optimism nL1N2MM0JD

  • Real feeling that Europe is passed the worst and the economy will rebound

  • Charts; 5, 10 & 21 DMAs and 21 day Bollinger bands trend north

  • Bullish setup targets a test of 1.2196, 76.4% of the 2021 fall

  • 10 DMA has been a base on this move - now key support at 1.2076

  • 1.025 BLN 1.2100/15 strikes support, 1.2136 NY high resistance

For more click on FXBUZ


eur apr 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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