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Mar 20 - 05:55 AM

EUR/USD - Traders May Get Right Signals At Wrong Time

By Jeremy Boulton  —  Mar 20 - 03:53 AM

• Traders betting EUR/USD rises about to get bullish signals

• 20-DMA set to rise over 200-DMA, 55-DMA above 100-DMA - Golden Crosses

• Top 20-week Bollinger Bands is 1.0876

• Speed and size of March gains saw rally stretched - pullback likely

• The 200-DMA at 1.0725 likely limit for dips in the near-term

• The 200-DMA also lies close to centre of 2023-2024 range - neutral spot

• Potentially EUR/USD could settle, become trapped, in the old range

• Extremes traded 2023-2024 - 1.0448-1.1276, most trade within 1.05-1.10


EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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