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Mar 12 - 07:55 AM

EUR/USD - Undermined By More Bad News

By Jeremy Boulton  —  Mar 12 - 06:14 AM
  • Germany's third wave sends EUR/USD down to 1.1910 EBS nL1N2LA0NG

  • Today's 1.1910-89 range unfolds below yesterday's 1.1990 peak

  • Italy to tighten curbs, impose Easter weekend lockdown nL8N2LA2XH

  • Scope for a deeper drop towards 20-day lower Bollinger at 1.1847

  • This week's low 1.1836, 200-DMA is 1.1834

  • EUR/USD has traded above 200-DMA since May 2020, rose 1400 on break

  • EUR/USD ranges are likely to fall nL1N2LA0GOnL1N2LA0OJ



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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