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Mar 22 - 11:00 PM

EUR/USD - Trends Lower, With The USD In The Driving Seat

By Andrew M Spencer  —  Mar 22 - 09:05 PM
  • Flat, but a choppy 1.0636-1.0730 range, as US fails to deliver a virus bill

  • US Senate continues search for a compromise nL1N2BF05X - E-mini S&P -4.4%

  • Failure to deliver a stimulus package would see safe haven flow USD surge

  • ECB's Schnabel believes it is now EU gov't turn to fight crisis nL8N2BE0V5

  • Charts; steady losses last weak leaves 5, 10 & 21 DMAs tracking south

  • Lower 21 day Bolli band a good indicator of an oversold market 1.0629 today

  • Suggests bears would be better selling strength than breaks

  • Response to the US stimulus plan, if agreed is the next key issue

eur mar 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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