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