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25 Mar 2020

USD/TRY: Larger correction below 6.40 – Rabobank

A corrective pullback in USD/TRY has reached the initial pivot around 6.40, as analysts at Rabobank notes. 

Key quotes

“A break lower of the 6.40 mark would allow for a larger correction towards the support area around 6.23 without causing damage to the underlying upside trend.” 

“The bleak prospects for the global and Turkish economy should keep USD/TRY on track to revisit the Aug 2018 high at 6.8427 followed by the all-time high at 7.2362.”

 

Mar 25, 2020

EUR/USD Price Analysis: Euro consolidates selloff, battles with 1.0800 figure

After a steep selloff in early March, EUR/USD is consolidating near 37-month lows as the Fed announced, this Monday, its largest stimulus package ever.
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Mar 25, 2020

EUR/PLN: Hikers will resume their ascend towards the summit at 5.00 – Rabobank

EUR/PLN has entered a consolidation phase with corrective pullbacks likely to run into a strong support formed by previous annual highs around 4.54/4.
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