Euro May Undergo Minor Corrective Pullback Vs. Dollar, Chart Shows -- Market Talk

Dow Jones

03-07

0215 GMT - The euro may undergo a minor corrective pullback against the dollar, based on the daily chart, Oanda's Kelvin Wong says in an email. The currency pair's three-month rally has reached an overbought condition as shown by its daily relative strength index, the senior market analyst says. Also, EUR/USD is coming close to a former major ascending trendline support from October 2023 which now turns into resistance at 1.0885-1.0940 area, the analyst says. Initial support would be the 200-day moving average which is at 1.0730, followed by key medium-term pivotal support at 1.0600, Wong adds. EUR/USD edges 0.1% higher to 1.0793. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 06, 2025 21:15 ET (02:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Dollar, Chart Shows -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-03-07 10:15</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0215 GMT - The euro may undergo a minor corrective pullback against the dollar, based on the daily chart, Oanda's Kelvin Wong says in an email. The currency pair's three-month rally has reached an overbought condition as shown by its daily relative strength index, the senior market analyst says. Also, EUR/USD is coming close to a former major ascending trendline support from October 2023 which now turns into resistance at 1.0885-1.0940 area, the analyst says. Initial support would be the 200-day moving average which is at 1.0730, followed by key medium-term pivotal support at 1.0600, Wong adds. EUR/USD edges 0.1% higher to 1.0793. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 21:15 ET (02:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工業機械","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517147104","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517147104","pubTimestamp":1741313700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0215 GMT - The euro may undergo a minor corrective pullback against the dollar, based on the daily chart, Oanda's Kelvin Wong says in an email. 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The currency pair's three-month rally has reached an overbought condition as shown by its daily relative strength index, the senior market analyst says. Also, EUR/USD is coming close to a former major ascending trendline support from October 2023 which now turns into resistance at 1.0885-1.0940 area, the analyst says. Initial support would be the 200-day moving average which is at 1.0730, followed by key medium-term pivotal support at 1.0600, Wong adds. EUR/USD edges 0.1% higher to 1.0793. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 21:15 ET (02:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}