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Mar 30 - 05:55 PM

EUR/USD - Selling Bounces Eyed Until Key Props By 1.1600 Are Reached

By Randolph Donney  —  Mar 30 - 03:54 PM

  • EUR/USD breaks down toward November and September lows at 1.1602/12

  • Those lows are by the weekly cloud top and lower 21-week Bolli band

  • Trailing offers closer to where prices broke 200-DMA last week

  • But prices might reach key supports by 1.1600 beforehand

  • At that point a countertrend buy with a fairly tight stop might be better

  • That as daily RSIs would be plumbing new depths if 1.16's tested soon

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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