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Mar 30 - 04:55 AM

EUR/USD - The Most Likely EUR/USD Move Is Down

By Jeremy Boulton  —  Mar 30 - 02:50 AM
  • EUR/USD is locked within a downtrend influenced by tighter Fed policy

  • Drop began 1.2135 after June Fed signalled of a taper

  • Pair based at 1.0806 on Mar 7 with risk reduction evident due Ukraine

  • Hopes for peace have boosted risk appetite lifting EUR/USD to 1.1137

  • Month-end flows may support EUR/USD for the very short-term nL2N2VX0B8

  • In April prospect of a U.S. rate hike on May 4 will exert growing influence

  • The current consolidation phase should be followed by a drop



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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