BUZZ-Reality check for euro after latest setback
ReutersFeb 27, 2025 6:29 PM
EUR/USD soft (-0.6%), retests 1.04 after multiple failures above 1.05
Fresh tariff updates provide reality check for those chasing euro gains
Markets reminded that tariffs are overall a negative for EUR
Potential element of month-end at play - USD demand touted nL2N3PI0OX
Despite recent euro optimism, bias remains to fade rebounds
Support at 1.0395-1.0400 (55dma) holds for now. Break opens up 1.03 test
Resistance levels unchanged = 1.0500-1.0530 (100dma), 1.0630
For more click on FXBUZ
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