The list of EUR-negatives is still long and a breach of the 1.1800 level cannot be ruled out, economists at OCBC Bank appraise. See: EUR/USD to plummet towards Fibonacci marker at 1.1695 – DBS Bank Key quotes “Bounces in the EUR/USD lack altitude, and the technical picture remains negative for the pair.” “EZ preliminary PMIs outperformed across the board, while the corresponding US prints were softer than expected. This does not alter the divergent macro outlook between US and EZ, especially with EZ dealing with a third wave pandemic/lockdowns. Meanwhile, Fed rhetoric on US growth is noticeably more confident even compared to Jan 2021, and this should flow through to market perceptions. This divergence leaves us to be negative on the EUR/USD.” “Overall, the 200-day MA (1.1861) should cap bounces for now, against immediate support at 1.1800.” “A breach of that leaves the multi-session target at 1.1690/00, then 1.1610/30 (Sep/Nov 2020 lows).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP Price Analysis: Eyeing a bullish breakout through mid-0.8600s resistance zone FX Street 2 years The list of EUR-negatives is still long and a breach of the 1.1800 level cannot be ruled out, economists at OCBC Bank appraise. See: EUR/USD to plummet towards Fibonacci marker at 1.1695 - DBS Bank Key quotes "Bounces in the EUR/USD lack altitude, and the technical picture remains negative for the pair." "EZ preliminary PMIs outperformed across the board, while the corresponding US prints were softer than expected. This does not alter the divergent macro outlook between US and EZ, especially with EZ dealing with a third wave pandemic/lockdowns. Meanwhile, Fed rhetoric on US growth is noticeably more confident even… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
