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Mar 25 - 04:55 AM

EUR/USD - Further EUR/USD Consolidation Likely Before A Drop

By Jeremy Boulton  —  Mar 25 - 03:35 AM
  • EUR/USD has settled within 1.0800-1.1150 following 1.2135-1.0806 slide

  • 55-WMA drops below 100-WMA after 21-WMA fell below 200-WMA in Feb

  • Oversold situation that stemmed drop in March is being alleviated

  • Base of 20-week Bollinger bands now 1.0945, base 20-day 1.0844

  • Resistance may be defined by daily Ichimoku cloud 1.1050-1.1160 in April

  • Downside pressure should intensify ahead May 4 Fed meeting


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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