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Mar 26 - 08:55 PM

EUR/USD - Key Support In View As U.S. Car Tariffs Weigh

By Andrew Spencer  —  Mar 26 - 07:32 PM

• Trades down 0.1% after the U.S. car tariff confirmation - closed down 0.4%

• The European Commission to assess Trump's car tariffs, says von der Leyen

• Ukraine and Russia's truce agreements run into trouble within hours

• Charts- 5, 10 & 21-DMAs conflict, as 21-day Bollinger bands contract

• Daily momentum studies fall - uptrend stalled, leaving a neutral setup

• The 1.0839 easing 10 DMA, then this week's 1.0858 high are first resistance

• Close pivotal 1.0727 200 DMA, then 1.0637, 0.382% Feb/March rise support

• 1.0700 1.424 BLN, 1.0715 888 mln, 1.0750 1.882 BLN close March 27th strikes
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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