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Mar 16 - 09:55 PM

EUR/USD - German Economic Optimism Provides Underlying Support

By Andrew Spencer  —  Mar 16 - 08:39 PM

• Trades off 0.05% with the U.S. dollar steady, EUR closed up 0.3

• Russia wants to exclude Ukraine from Nato in any peace deal talks

• Germany's Merz secures Greens support for a debt deal, key vote Tuesday

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

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

• Friday's 1.0912 top, then the 1.0937 Nov 2024 high are first resistance

• Last week's 1.0805 low, and then the 1.0723 200 DMA are initial supports

• 1.0860 546mln, 1.0900 825mln, close March 17th 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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