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Mar 01 - 08:55 PM

EUR/USD - Last Week's Topside Failure Has 2021 Base In View

By Andrew M Spencer  —  Mar 01 - 07:23 PM
  • Flat, closed -0.2%, as risk rebounded with lower EZ yields nL2N2KZ0M4

  • Positive risk extends, E-mini S&P +0.2%, UST yields flat and Nikkei +0.7%

  • ECB's bond buying activity last week confused markets nL5N2KZ2XH

  • Two day dip has turned the daily signals into negative territory

  • Sustained break of the 1.2091 21 DMA to test 1.1985 lower 21 day Bolli band

  • Bearish 5 & 10 DMA cross with 5, 10 & 21 DMAs falling suggests more losses

  • A move towards 1.1952 2021 low looks viable on the daily chart

  • NY 1.2028 - 1.2070 range looks safe in Asian today

eur mar 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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