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Apr 07 - 09:55 PM

EUR/USD - Major Resistance Caps On Close - Vaccine Rollout Key

By Andrew M Spencer  —  Apr 07 - 08:03 PM

  • Flat after closing little changed, supported by EUR/GBP profit taking

  • Merkel backs short but tough COVID lockdown in Germany nL8N2M02HY

  • France has 5,729 people in intensive care units with COVID-19 nP6N2JU025

  • Italy struggles with COVID-19 nR1N2L8026, as EZ data improves nL1N2M00EV

  • Tough to be really optimistic on EUR until the vaccine rollout accelerates

  • Charts; momentum studies 5, 10 & 21 DMAs conflict - neutral setup

  • 1.1888 200 DMA broken but held on close - sustained break would be bullish

  • 1.1852 21 daily moving average & 1.1915 NY high initial support resistance

    For more click on FXBUZ


eur apr 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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