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
Source:
Refinitiv IFR Research/Market Commentary