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Mar 24 - 02:55 AM

EUR/USD - Stays Down As 200 DMA Leans Heavily On Bulls

By Ewen Chew  —  Mar 24 - 02:04 AM
  • EUR/USD still feeble after sharp fall Tues, below 200 DMA

  • Break of long-term chart barrier at 1.1858 may cue more weakness

  • Tues drop also engaged Bollinger downtrend channel

  • Ceiling of channel at 1.1872 adds resistance on top of 200 DMA

  • Fed's Bullard sees inflation at 2.5%, may not ease much nL1N2LL34M

  • General risk-off outweighs third straight retreat in UST yields

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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