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Mar 30 - 04:55 PM

EUR/USD - Magnetic Fibo Helps Stall Overnight Rally

By Christopher Romano  —  Mar 30 - 02:05 PM
  • EUR/USD pierced the 50% Fib of 1.1495-1.0806 in Europe's am, 1.1161 trades

  • Pair slides, NY opens near 1.1145, drop extends after US ADP, DE HICP data

  • 1.1112 trades on EBS but pair lifts again, EUR/JPY lift above 135.90 buoys

  • Tighter DE-US yield spreads, soft US$ then helps EUR/USD trade 1.1171 on EBS

  • Lack of Russia-Ukraine de-escalation tempers bulls, pair near 1.1145 late

  • Techs lean bullish; Daily RSI rising, monthly bull hammer candle forms

  • EUR/USD breaks resistance but stagflation worries temper bulls nL2N2VX2K5

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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