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Mar 29 - 03:55 AM

EUR/USD - For EUR/USD Traders This Month-End Matters More Than Usual

By Jeremy Boulton  —  Mar 29 - 02:34 AM
  • Month-end flows often impact currencies and gain much attention

  • This month EUR/USD is very close to the influential 100-MMA at 1.1820

  • 100-MMA capped the last major rally in 2018

  • July 2020 100-MMA capped, pair broke over Aug 2020 then rise 1.1871-1.2349

  • EUR/USD currently 1.1780 and set for a bearish break

  • Number EUR/USD longs now similar to those held early Jun 2020

  • In June 2020 EUR/USD flew higher, braking effect of longs much diminished


EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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