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Mar 04 - 07:55 AM

EUR/USD - Increasingly Bearish, More So If Powell Plays Safe

By Peter Stoneham  —  Mar 04 - 06:20 AM
  • Likely the Fed chief adopts a neutral line at today's Wall St call in

  • UST 10-yr yield back below 1.5% and even at last wk's peak was still low

  • However, yield differentials likely to widen on Fed-ECB rhetoric divergence

  • EUR/USD struggling to make bearish headway today but risk of bear resumption

  • Thrs option expiries could add to support-resistance due to related hedging

  • Key EUR/USD levels 1.1992 Tues low and 1.2113 Wed high: cloud twist warning

  • Bear bias holding but note the 1.2093-1.2111 Mar 11 twist risk: EBS pricing







For more click on FXBUZ


EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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