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Mar 03 - 01:55 PM

EUR/USD - Techs Work For Rally Sellers

By Christopher Romano  —  Mar 03 - 12:33 PM
  • Sharp rally off the March 2 low extends in overnight trade

  • 21-DMA gets pierced but offers near the 10-DMA help stem the rally

  • US$ buying takes hold as US rates rise & risk sours a bit

  • EUR/USD erases gains, turns negative, falls below 21-DMA, daily cloud

  • Daily RSI diverges on the high & a daily doji candle forms

  • Signals suggests Tuesday's rally was likely a corrective bounce

  • Test of key 1.1950/55 support still likely, break targets 200-DMA

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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