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Mar 23 - 03:48 PM

EUR/USD - Cautious Optimism For Longs

By Christopher Romano  —  Mar 23 - 02:05 PM
  • Pair trades below 1.0670 in early NY, sharp rally takes hold though

  • Fed implements new liquidity measures nL1N2BG0L4; US$ falls

  • Currency basis swaps tighten a bit tighten EURCBS3M=ICAP

  • 1.0825 pierced, some gains erode as US congress debate on stimulus lingers

  • Congressional phase 3 stimulus could lift EUR/USD higher nL1N2BG0ZC

  • Tech signals are mixed, daily techs lean bullish, monthly are bearish







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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