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  • #ASEAN FX appear in trouble vs #USD in the near-term amid rising Treasury yields (see link) My ASEAN-based USD index confirmed a break under key falling resistance from April Prices face the 200-day SMA, a break higher may open the door to more gains https://www.dailyfx.com/forex/fundamental/article/special_report/2021/03/08/US-Dollar-Outlook-Treasury-Yields-May-Continue-Pressuring-ASEAN-Emerging-Market-FX.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/JtYW6TfeZO
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  • Heads Up:🇯🇵 GDP Growth Rate QoQ Final (Q4) due at 23:50 GMT (15min) Expected: 3% Previous: 5.3% https://www.dailyfx.com/economic-calendar#2021-03-08
  • Heads Up:🇯🇵 GDP Growth Annualized Final (Q4) due at 23:50 GMT (15min) Expected: 12.8% Previous: 22.9% https://www.dailyfx.com/economic-calendar#2021-03-08
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/oRpRpLo55M
  • Heads Up:🇯🇵 Household Spending YoY (JAN) due at 23:30 GMT (15min) Expected: -2.1% Previous: -0.6% https://www.dailyfx.com/economic-calendar#2021-03-08
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  • (ASEAN Fundy) US Dollar Outlook: Treasury Yields May Continue Pressuring ASEAN, Emerging Market FX #USD #treasuries #bonds #ASEAN #EmergingMarkets https://www.dailyfx.com/forex/fundamental/article/special_report/2021/03/08/US-Dollar-Outlook-Treasury-Yields-May-Continue-Pressuring-ASEAN-Emerging-Market-FX.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Yh4iwDPsUI
EUR/USD Trying to Base at Major Price Point

EUR/USD Trying to Base at Major Price Point

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD Trying to Base at Major Price Point

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-It’s REALLY quiet out there but EUR/USD continues to respond to important price regions. The region I’m referring to right now is 1.0520/30 (December 2015 low and 61.8% retrace of January rally). As long as this area holds, a constructive view is OK. Weakness below would shift focus to the March 2015 low at 1.0460. Strength above 1.0820 is needed in order to suggest that a bullish move is underway. Between 1.0460 and 1.0820 is ‘the wood chipper’. For more on EUR/USD, check out this video.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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