Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 26 - 10:55 PM

EUR/USD - Long Term Support Under Pressure And Vulnerable

By Andrew M Spencer  —  Apr 26 - 08:45 PM

  • +0.1% - bargain hunting into Tuesday's 0.7% fall on safe haven USD strength

  • Global growth fears, rising inflation and ongoing Ukraine crisis weighs

  • Poland and Bulgaria face a Russian gas cut as Ukraine crisis escalates

  • No sign of any progress towards a viable negotiated truce nL2N2WO37M

  • Charts; 5, 10 & 21 DMAs, 21 day Bollinger bands slide - bearish setup

  • Major support at 1.0636, the base in 2020 is under pressure and vulnerable

  • Close above 1.0861 21 DMA needed to undermine the downside bias

  • 1.0600 1.414 BLN and 1.0640-50 974 MLN are Wednesday's close strikes

For more click on FXBUZ


eur Apr 27 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
© 2022 eFXdata · All Rights Reserved
!