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Mar 31 - 09:55 PM

EUR/USD - Key Support Close And Vulnerable, France In Lockdown

By Andrew M Spencer  —  Mar 31 - 07:46 PM
  • Flat after closing up 0.1%, but still recorded a seventh lower daily high

  • Expanding COVID-19 weighs, as France orders a full lockdown nL8N2LT7DE

  • Greece eases restrictions on small shops to boost morale nL8N2LT4RM

  • Control of the coronavirus is key for the market priced economic recovery

  • Charts bearish, as daily and weekly momentum studies, 5, 10 & 21 MAs fall

  • Major long term support at 1.1694, 38.2% of the 2020-2021 climb in view

  • Close above 1.1867 21 DMA & 1.1873 200 DMA would undermine the downside bias

  • NY 1.1719 - 1.1760 range is initial support and resistance

For more click on FXBUZ


eur apr 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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