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Mar 10 - 08:55 PM

EUR/USD - Steady As German "Debt Brake" Negotiations Continue

By Andrew Spencer  —  Mar 10 - 07:33 PM

• +0.05% after closing steady - USD capped by yen strength, EUR/JPY -0.55%

• EU trade chief says U.S. not seeking a deal to avert metals tariffs

• Germany's Greens may torpedo Merz's spending bonanza but hint at a deal

• Markets are pricing a "debt brake" revision - failure would hit EUR hard

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

• Neutral daily momentum studies - daily signals retain the topside bias

• Friday's 1.0888 top, then the 1.0937 Nov 2024 high are the next resistance

• Thursday's 1.0766 low, and then the 1.0722 200 DMA are initial supports

• 1.0800 488mln and 1.0875 586mln, 1.0885 1.482BLN close March 11th 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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