By Jeremy Boulton — Mar 20 - 03:53 AM
• Traders betting EUR/USD rises about to get bullish signals
• 20-DMA set to rise over 200-DMA, 55-DMA above 100-DMA - Golden Crosses
• Top 20-week Bollinger Bands is 1.0876
• Speed and size of March gains saw rally stretched - pullback likely
• The 200-DMA at 1.0725 likely limit for dips in the near-term
• The 200-DMA also lies close to centre of 2023-2024 range - neutral spot
• Potentially EUR/USD could settle, become trapped, in the old range
• Extremes traded 2023-2024 - 1.0448-1.1276, most trade within 1.05-1.10
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters