By Andrew M Spencer — Mar 22 - 08:39 PM
Flat, closed +0.2%, safe haven, as Lira and Rouble collapsed nL1N2LK2Y2
Bundesbank nL8N2LK2HN & economists nL8N2LK2QO cool on German recovery
EU's vaccine and continued coronavirus issues nL1N2LJ06Q weigh on EUR
Charts; neutral momentum studies, 5, 10 & 21 daily moving averages conflict
1.1988 falling 21 DMA and 1.1991, 38.2% of Feb-Mar fall major resistance
1.1835 March low initial key support, then 1.1778, 76.4% Nov-Jan rise
Neutral setup suggests 1.1835-1.1991 three week range will extend
NY 1.1911-1.1947 range is initial support-resistance
For more click on FXBUZ
eur mar 23 Click here
Source:
Refinitiv IFR Research/Market Commentary