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Mar 08 - 06:55 AM

EUR/USD - Drops To A 15 Week Low To Threaten 200-DMA

By Jeremy Boulton  —  Mar 08 - 05:06 AM
  • EUR/USD falls to 1.1866 EBS lowest since Nov 24 2020

  • Nov 23 low was 1.1800. Option and corp buying likely 1.1850 and 1.1800

  • Long liquidation is weighing and 200-DMA at 1.1820 within reach nL1N2L60D9

  • EUR/USD rallied 1.1000 to 2021's 1.2349 peak after breaking over 200-DMA

  • Currently EUR/USD looks stretched below 20-day lower Bollinger at 1.1924

  • Chance snapback is high. Specs likely to sell any strength to pare longs

  • Dollar rally masks a far more important trend nL1N2L60HW


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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