EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD Key Levels

The under-fire Euro has sprung back to life in recent days and rebounded robustly against its major counterparts. While this dynamic looks set to continue against the higher-beta New Zealand Dollar, other funding currencies may regain lost ground in the coming days. Key levels to watch for EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD. EUR/USD rates have rebounded robustly in recent days after sliding to the lowest levels since early November of 2020, as prices surge back above the 1.1800 handle and the 21-EMA (1.1857). With the exchange rate breaking out of a bullish Falling Wedge reversal pattern, a bullish crossover … (full story)

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