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Apr 27 - 06:55 AM

EUR/USD - Confidence Collapses, So Does EUR/USD, 1.0457 Next Target

By Jeremy Boulton  —  Apr 27 - 05:10 AM
  • German consumer morale falls to historic low heading into May nS8N2WN05O

  • EUR/USD drops to 1.0586 EBS. Apr 27 range 1.0655-1.0586

  • 1.0457 is next downside off recent extremes influenced by Fed policy

  • The target off extremes influenced by current ECB policy is 1.0297

  • The target off extremes since EUR's inception is 1.0135

  • Base of 20-year Bollinger bands is 1.0054, potential downside limit

  • A strong dollar is good for the United States nL2N2WP0MD





EUR/USD Click here

EUR/USD target (inception) Click here

EURUSD ECB Click here

Source:
Refinitiv IFR Research/Market Commentary

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