By Jeremy Boulton — Apr 21 - 03:35 AM
EUR/USD has surged this week but it is a minor move
This is not the trend change that traders are betting on nL2N2WH0A0
Minor correction targets for 2022's drop are 1.0931 and 1.1039
EUR/USD traded down 1.0894 to 1.0758 day last ECB meeting
21-DMA now 1.0925 crossed 55-DMA in March spurring EUR/USD drop
The trend is down and sustainable gains are unlikely
Those who buying into strength are likely to lose
Picking tops in preparation for a deeper drop is prudent
Yuan's reverse will influence EUR over l-term nL2N2WJ0CC
EURUSD Click here
Source:
Refinitiv IFR Research/Market Commentary