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Mar 25 - 08:55 PM

EUR/USD - Timing Of ECB/FED Rate Moves Key - 1.0800 Supports

By Andrew M Spencer  —  Mar 25 - 07:40 PM
  • Steady after closing up 0.26% with the USD corrected, slipping 0.2%

  • The timing of expected ECB/Fed rate cuts will be pivotal for EUR/USD

  • ECB Chief Economist Lane is confident the wage growth slowdown is on track

  • ECBWATCH priced 21.42 points in cuts at the June 6th meeting at the close

  • Charts - daily momentum studies head lower, 21-day Bollinger bands flat line

  • 5, 10, and 21 DMAs edge lower - overall a bearish technical setup

  • 1.0804, 61.8% of the February/March rise has provided a base

  • A 1.0800 break would target 1.0756, 0.786% of the February/March rise

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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