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EURUSD - Short Continued Downward Momentum

Mar 24, 2021

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EURUSD - Short Continued Downward Momentum by KQMarkets on TradingView.com

Commentary

 

We still see EURUSD moving lower as the currency pair looks to consolidate below support 1.182.

 

This is despite better than expected Euro and German PMI data earlier today whilst US durable goods order and PMI came in lower than expected.

 

Continued covid vaccine supply issues resulting in fears over the impact of a third wave on the Eurozone economy are anticipated to put further pressure on the Euro .

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