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Mar 01 - 03:55 PM

EUR/USD - Key Fibo Still Threatened Despite Inflation Risk Influences

By Christopher Romano  —  Mar 01 - 01:42 PM
  • EUR/USD falls sharply in Europe am on US$ bid, NY opens near 1.2045

  • US$ falls early & DE inflation above estimates nL2N2KZ15M, EUR/USD lifts

  • 1.2070 trades on EBS but US$ bid returns after upbeat ISM data nL2N2KZ1LN

  • EUR/USD hits 1.2028 (EBS) but settles near 1.2040 late in the session

  • Buoyant UST yields, sharp oil drop help keep EUR/USD near the day's low

  • 76.4% Fib of 1.1952-1.22435, Feb 8 & 17 lows still under threat

  • Techs are bearish, pair below 10 & 21-DMAs and daily cloud, RSIs fall

  • EUR/USD could be set for a slide toward the 200-DMA nL2N2KZ1OG

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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