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Mar 18 - 09:55 PM

EUR/USD - Marginal Fresh Trend High As The German Package Passes

By Andrew Spencer  —  Mar 18 - 07:37 PM

• Flat after closing +0.2% to a marginal fresh trend high with the USD -0.15%

• The German parliament approves Merz's spending surge as allies cheer

• A historic day - EU's von der Leyen welcomes Germany's 'very clear message'

• The investment program will provide underlying EUR support in coming months

• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Positive daily momentum studies - daily signals retain the topside bias

• 1.0980 0.786% Sep/Feb fall are first resistance, then the 1.1214 Sep high

• Last week's 1.0805 low, and then the 1.0725 200 DMA are initial supports

• 1.0900 1.836 BLN and 1.0950 2.076 BLN are the close March 19th 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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