By Andrew M Spencer — Mar 14 - 08:13 PM
Flat in 1.1945-53 range early, despite Merkel's CDU rout nL1N2LC03Z
France fights lockdowns nL1N2LC0C9 - Italy in lockdown nL8N2LC04W
EZ's size and disparate governments hamper fast vaccine rollout nL1N2LC0IH
Techs; 10 & 21 daily moving averages slide, 21 day Bollinger bands fall
Setup net bearish - 1.1991 resistance, 38.2% Feb-Mar fall capped last week
1.1846 lower 21 day Bollinger band and 1.1835 March low are major support
Plenty of event risk this week nL4N2LC0GI, with the USD leading at present
London 1.1910 low and 1.1961 NY high are initial support and resistance
For more click on FXBUZ
eur mar 15 Click here
Source:
Refinitiv IFR Research/Market Commentary