BUZZ-Euro in holding pattern ahead of ECB, tariff deadline
ReutersFeb 28, 2025 5:12 PM
Euro closing week near the lows. Tight range = 1.0380-1.0420
55DMA holds so far. Clean break would see euro at risk of deeper sell-off
Upcoming tariff deadline (Mar 4) for Canada/Mexico will be key
Should tariffs go ahead, may see euro at 1.03 handle
ECB due next week. Cut expected. Eco projections and guidance in focus
Resistance: 1.0450-60 (200-hour MAs), 1.0500-30. Support: 1.0390-95
For more click on FXBUZ
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