February, as you can see, eked out marginal losses (0.5 percent), ranging between 1.2243 and 1.1952. Upriver, technical action suggests March could reach for ascending resistance (prior support – 1.1641), while lower on the curve 1.1857/1.1352 represents demand. In terms of trend, the primary uptrend has been in play since price broke the 1.1714 high (Aug 2015) in July 2017. Daily timeframe: Europe’s shared currency fell sharply against a broadly stronger USD on Thursday, dipping 0.7 percent. Demand for the US dollar was largely driven by a Powell-induced advance in US Treasury yields. EUR/USD left Thursday … (full story)
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