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Feb 25 - 07:55 PM

EUR/USD - Resilient As Positive Sentiment Evaporated

By Andrew M Spencer  —  Feb 25 - 06:06 PM
  • +0.05% - closed +0.1%, supported by cross flows, as Treasury yields jumped

  • Volatile offshore, but resilient as positive sentiment evaporated in NY

  • EU says on track to reach 70% adult vaccination goal by summer nB5N2ID009

  • EU - must stick with tight restrictions as virus variants loom nB5N2HP04L

  • Charts; 5, 10 & 21 daily moving averages climb - momentum studies conflict

  • Modest positive setup targets a test of 1.2255, 76.4% 2021 fall

  • NY 1.2160-1.2243 range is initial support and resistance

    For more click on FXBUZ

eur feb 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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