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Mar 25 - 06:55 AM

EUR/USD - Traders Should Focus On 1.1780

By Jeremy Boulton  —  Mar 25 - 04:47 AM
  • EUR/USD drops to 2021 low at 1.1801, range 1.1801-27 EBS

  • Pair trading lower ranges below 200-DMA for first time since May 2020

  • Lower 20-day Bollinger band is 1.1780. 76.4% rise since Nov is 1.1778

  • High probability of a rebound following a dip below 1.1780

  • Dip buyers may use Nov 11 2020 low at 1.1745 to shelter stops

  • Unwind of safe assets continues to weigh EUR nL1N2LN0G2


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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