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Mar 30 - 08:55 PM

EUR/USD - Rebound Extends And Commences Short-Term Trend Higher

By John Noonan  —  Mar 30 - 06:50 PM
  • EUR/USD has started trend higher after 0.66% gain and closing above 1.1150

  • The 5, 10 and 21-day MAs are now in a bullish alignment and tilting higher

  • Close above the 50% of 1.1495/1.0806 initially targets 55-day MA at 1.1197

  • The 61.8 of the aforementioned move comes in at 1.1231

  • EUR/USD getting support from a hawkish shift in ECB expectations nL2N2VX2ZU

  • EUR/USD support at 10-day MA at 1.1047 and break would ease upward momentum

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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