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Mar 02 - 07:55 PM

EUR/USD - Firmer As Europe Rallies To Support Ukraine

By Andrew Spencer  —  Mar 02 - 05:43 PM

• +0.25% after closing down 0.2% with the USD +0.25% after US/Ukraine spat

• Ukraine's Zelenskiy says he can salvage the relationship with the U.S.

• UK, European leaders join forces to draft Ukraine peace plan to take to US

• Europe must rearm to show US it is ready to defend democracy - Von der Leyen

• Charts- 5, 10 & 21-day moving averages conflict, 21-day Bolli's contract

• Daily momentum studies crest or fall - the daily signals show little bias

• 1.0419 21-day moving average and Friday's 1.0420 high are first resistance

• 1.0360 low on Friday then the 1.0300 lower 21-day Bolli band first supports

• 1.0400 546mln and 1.0405 533mln close strikes for March 3rd
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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