By Andrew M Spencer — Apr 07 - 08:03 PM
Flat after closing little changed, supported by EUR/GBP profit taking
Merkel backs short but tough COVID lockdown in Germany nL8N2M02HY
France has 5,729 people in intensive care units with COVID-19 nP6N2JU025
Italy struggles with COVID-19 nR1N2L8026, as EZ data improves nL1N2M00EV
Tough to be really optimistic on EUR until the vaccine rollout accelerates
Charts; momentum studies 5, 10 & 21 DMAs conflict - neutral setup
1.1888 200 DMA broken but held on close - sustained break would be bullish
1.1852 21 daily moving average & 1.1915 NY high initial support resistance
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eur apr 8 Click here
Source:
Refinitiv IFR Research/Market Commentary