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Mar 23 - 05:55 AM

EUR/USD - Two Huge EUR/USD Levels And A Twist To Concern Traders

By Jeremy Boulton  —  Mar 23 - 04:13 AM
  • EUR/USD based ahead 200-DMA 1.1856 but gains since negligible

  • Given long liquidation it seems EUR/USD tests 200-DMA again

  • The 100-MMA which has been crucial for EUR/USD is 1.1821

  • Failure ahead 100-MMA proved key in 2018 and break over key in 2020

  • Monthly cloud twists 1.1471-91 this month exerting downward pull

  • Same cloud twists again in November at 1.1448-50




EURUSD Click here

EURUSD monthly Click here

Source:
Refinitiv IFR Research/Market Commentary

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