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Apr 05 - 02:55 AM

EUR/USD - Downside Favoured As France Enters 3Rd Lockdown

By Ewen Chew  —  Apr 05 - 02:20 AM
  • EUR/USD bearish bias persists with drop below 1.1765 on EBS

  • UST yield bounce gives dollar supportive undertone; 10y 1.720%

  • Daily Bollinger downtrend channel likely remains in play

  • Interim base at 1.1677, before test of Nov low 1.1602

  • Europe grapples with COVID-19 as France starts third lockdown

  • Biden to push spending bill through is USD-positive nL1N2LX08N

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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