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Mar 31 - 08:55 PM

EUR/USD - Bearish Outside Day As Recession Fears Weigh

By Andrew M Spencer  —  Mar 31 - 07:10 PM

  • Steady - closed down 0.8% on Russian threats to halt gas supply nL2N2VY1I1

  • Should the gas be cut, there would be a real risk of recession in Europe

  • Meanwhile conflict in Ukraine shows little sign of resolution nL2N2VY3BO

  • Charts; a bearish outside day, mixed 5, 10 & 21 day moving averages

  • 21 day Bollinger bands flat line, neutral momentum studies

  • Signals show no real bias at familiar levels, 1.1006 21 DMA supports

  • 1.1231 61.8 of the 2022 fall is initial significant resistance

  • 1.1050 290 MLN and 1.1085-00 1.064 BLN are today's close strikes

For more click on FXBUZ


eur Apr 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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