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Mar 12 - 02:55 AM

EUR/USD - Retracting; EU Lukewarm To US Efforts Against China

By Ewen Chew  —  Mar 12 - 12:49 AM
  • EUR/USD wilts to 1.1964 early Fri, eyes return to bearish path

  • Closing below 1.1949 engages Bollinger downtrend channel

  • Would motivate sellers to aim for 200 DMA 1.1834

  • US Treasury yields blip up as 10y rebounds to 1.551%

  • German Feb CPI due soon; expected unchanged +1.3% y/y

  • EU appears lukewarm to US efforts against China nL8N2L93DY

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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