By Andrew M Spencer — Mar 25 - 07:00 PM
+0.05% after closing -0.4%, as vaccine, lockdown issues weigh nL1N2LN0TT
Macron backs EU vaccine export controls, sees more restrictions nL1N2LN3SA
EU says on track for 70% of adults vaccinated in second quarter nB5N2ID00L
Poor EU Q1 vaccine rollout may be rectified in Q2, but 3rd wave expands
Charts are bearish, as momentum studies, 5, 10 & 21 DMAs track south
Targets major long term support at 1.1694, 38.2% of the 2020-2021 climb
Close above the falling 1.1930 21 DMA would undermine the downside bias
1.1756 lower 21 day Bolli band and 1.1815 NY high first support, resistance
For more click on FXBUZ
eur mar 26 Click here
Source:
Refinitiv IFR Research/Market Commentary