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Mar 19 - 08:55 PM

EUR/USD - Uptrend Stalled, Signals Support, Large Close Strikes

By Andrew Spencer  —  Mar 19 - 07:36 PM

• +0.05% after closing down 0.35% - volatile Turkish lira weighed, USD firmed

• Trump, Zelenskiy pledge in phone call to work for end to war in Ukraine

• ECB President Lagarde will speak before the European Parliament today

• Regional response to the FOMC leads - EUR/USD expected to range trade

• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Neutral daily momentum studies - Uptrend stalled, topside bias remains

• 1.0980 0.786% Sep/Feb fall are first resistance, then the 1.1214 Sep high

• Last week's 1.0805 low, and then the 1.0725 200 DMA are initial supports

• 1.0900 2.674BLN and 1.0910 1.466BKN BLN close March 20th strikes
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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