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Apr 07 - 02:55 AM

EUR/USD - 200-DMA Back In Play And Daily Ranges Set To Step Up

By Jeremy Boulton  —  Apr 07 - 02:14 AM
  • EUR/USD rises into upper-half 20-day Bollinger Bands 1.1852-1.2017

  • Reduction longs allows for resumption trend after min correction target met

  • Last week's low 1.1704. 38.2% rise from March 2020 low is 1.1695

  • Pair since rallies reaching 1.1878 EBS yesterday. Today's range 1.1866-78

  • 200-DMA is 1.1886. Last break over saw pair surge from 1.1012 in May 2020

  • Correction target for 2021 drop is 1.1950, 38.2% 1.2349-1.1704




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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