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Mar 29 - 01:55 AM

EUR/USD - Consolidates Below 1.1800 In Quiet Session

By John Noonan  —  Mar 28 - 10:55 PM
  • EUR/USD opened 1.1790 and traded in a 1.1775/95 range

  • Heading into the afternoon it was trading at 1.1785/90

  • EUR/USD dipped when Eminis fell over 0.50% on report of forced equity sales nL1N2LQ0F5

  • Weekend reports indicated growing alarm in EZ over spread of COVID-19

  • EUR/USD likely to be vulnerable if Germany and France are increase lockdowns nL4N2LQ0UO

  • Support is @ double-bottom @ 1.1760/65 & break targets 38.2 fibo @ 1.1694

  • Resistance is at 1.1865/70 where the 10 and 200-day MAs converge

  • For more click on FXBUZ









eur 1 Click here

eur 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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