Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 11 - 07:55 PM

EUR/USD - USD And Risk Appetite Drive The Euro Higher

By Andrew M Spencer  —  Mar 11 - 06:16 PM
  • ECB delivered nL1N2L90DW, EZ yields fell, but EUR closed +0.5%, USD led

  • ECB members agree on bond purchase target, not yield level aim nF9N2IJ04R

  • No real surprises from the ECB - major central banks have similar views

  • Techs; 10 & 21 daily moving averages slide, 21 day Bollinger bands fall

  • Setup remains bearish, but 1.1991 resistance, 38.2% Feb-Mar fall is in sight

  • Close above 1.2000 would be a bullish signal for the first move next week

  • NY 1.1928 low and 1.1991 38.2% Feb-Mar fall are initial support, resistance

    For more click on FXBUZ

eur mar 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!