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Mar 16 - 09:55 PM

EUR/USD - Charts And News Point South Ahead Of The FOMC

By Andrew M Spencer  —  Mar 16 - 08:23 PM
  • Flat - closed -0.2%, as EZ growth expectations moderate on the coronavirus

  • Paris restrictions extend nL8N2LE64M, German COVID-19 rises nL8N2LE0TX

  • ECB's Schnabel - EU recovery stimulus may prove too little nL1N2LE2UY

  • Sharp contrast to President Biden's stimulus and vaccine rollout in the U.S.

  • Charts; momentum studies, 5, 10 & 21 DMAs and 21 day Bolli bands trend south

  • Pivotal 1.1991 resistance, 38.2% February-March fall capped last week

  • Targets a test of 1.1835 March trend low, then 1.1778, 76.4% Nov-Jan rise

  • NY 1.1882 low and London 1.1952 top initial support and resistance

    For more click on FXBUZ

eur mar 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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