Forex EUR/USD Daily Video, March 21, 2024

[Sive Morten]

Good morning,

Fundamental background shows no reasons for optimism, despite recent Fed's comments. We treat rally as temporal one and treat it as retracement within major bearish tendency by far. 1.0915-1.0920 area might be interesting for potential short entry:

 

[Brett Reynolds]

Looking at all round $Majors...we are in a really critical moment. Also look at DXY..we could be seeing a 'Trend change' going into summer. US$ weakness could be across the Board. I'm looking at a weekly or Monthly close above 1.0950..on Euro which could confirm this.?