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Apr 28 - 09:55 PM

EUR/USD - March Lower Continues, Next Stop 1.0340

By Andrew M Spencer  —  Apr 28 - 07:35 PM

  • Steady after closing down 0.6% amid broad based U.S. dollar strength

  • EUR soft despite USD/EUR interest rate differentials tightening

  • 10 year bunds climbed 8bp to 0.895%, 10 year UST yields +1bp 2.832%

  • No sign of a truce in Ukraine as the conflict intensifies nL2N2WQ047

  • Charts; 5, 10 & 21 DMAs, 21 day Bollinger bands and momentum studies fall

  • Bearish setup targets the long term 1.0340 low in January 2017

  • Close above 1.0799 21 day moving average needed to undermine downside bias

  • 1.0469 NY low and 1.0565 1.961 BLN strikes are initial support, resistance

    For more click on FXBUZ


eur apr 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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