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Apr 07 - 10:55 PM

EUR/USD - Heavy, As Ukraine Conflict Extends, 1.0800 Vulnerable

By Andrew M Spencer  —  Apr 07 - 08:30 PM

  • -0.15%, after closing 0.15% lower as euro remains a bellwether for Ukraine

  • Ukraine expects Russia to suspend hostilities during any papal trip

  • Should the Pope visit, the market would likely react positively nL2N2W52ZV

  • French election begins Sunday - Macron leads but Le Penn gains nL2N2W528Z

  • Charts; 5, 10 & 21 day moving averages slide, 21 day Bollinger bands expand

  • Momentum studies fall - negative setup as downside pressure builds

  • NY 1.0936 high then 1.0986/93 10, 21 DMAs are initial resistance

  • 1.0843 lower 21 day Bollinger then 1.0806 March and 2022 low first supports

    For more click on FXBUZ


eur Apr 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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