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Mar 25 - 01:55 PM

EUR/USD - Dollar's Influence Drives Break Of A Major Fibo

By Christopher Romano  —  Mar 25 - 12:09 PM
  • US$ bulls remain in charge, bounce in US 10-yr yield lends a hand

  • Dollar =USD gains vs most major ccys & against most EM ccys

  • USD/CNH rallies to 12-session high, nears key resistance nL1N2LN1ZU

  • EUR/USD bulls relent, especially after 1.1800 barrier defense breaks

  • Pair's slide extends through 76.4% Fibo of 1.1602-1.2349 which sits 1.1783

  • 1.1745/59 support now targeted, November 11 & 12 daily lows sit there

  • Break of that support puts Nov 5 low, psychological 1.1700 level in play

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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