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Apr 07 - 06:55 AM

EUR/USD - Is Closing On A Crucial Level

By Jeremy Boulton  —  Apr 07 - 04:45 AM
  • 1.0863 is a 76.4% retracement of 1.0340-1.2556 rise, it's the door to 1.0340

  • Any closes under 1.0863 will significantly heighten downside risk

  • Fed to hike, techs bearish and traders long, already high risk of big drop

  • EUR/USD 1.0935-1.0879 EBS Apr 7 after 1.0938-1.0874 Apr 6

  • Base 20-day Bollingers is 1.0858 and falling allowing for deeper slide

  • 1.0800 options barriers and 2022 low at 1.0806 are next targets


EURUSD monthly Click here

Source:
Refinitiv IFR Research/Market Commentary

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