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Mar 04 - 06:55 AM

EUR/USD - Looks Set To Drop

By Jeremy Boulton  —  Mar 04 - 04:55 AM
  • EUR/USD is continually swinging around on familiar ground

  • Centre of extremes trades since July 2023 is 1.0862

  • Having bounced off base 20-day Bollingers EUR/USD approaching their peak

  • 20-day Bollinger bands span 1.0895-1.0740 - pair last 1.0851 EBS

  • There is little room for a bigger rise, and strong chance of nearby top

  • In 2024 volatility has dropped substantially - lowest in two years

  • Importance of small rate gap favouring USD should grow nL2N3FI0FR

Source:
Refinitiv IFR Research/Market Commentary

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