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Mar 31 - 07:55 AM

EUR/USD - One-Way Traffic Sees EUR/USD Slump At Month-End

By Jeremy Boulton  —  Mar 31 - 06:50 AM
  • EUR/USD slumps from 11.75 to 1.1093 EBS in Europe

  • Pair traded 1.1185 in Asia peak of this week's rise from 1.0945

  • This led to an overbought situation nL2N2VY0E4

  • Correction underway possibly fuelled by month-end demand for USD

  • The 1.1000 area may have gravitational pull in the near-term

  • 1.1000 is centre of the current consolidation phase

  • There is a lot of downside risk for the euro nL2N2VY0IA

  • There is a lot of upside risk for the dollar nL5N2VY2CX



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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