FX.co ★ EUR/USD analysis for March 18 2021 - Potential for another downside wave towards 1.1880

Lagarde continues to try and talk down the latest bond market developments

• ECB is not focused on blips in inflation

Given the latest virus and vaccine situations in Europe, one can certainly argue for such a case as noted by the headline. But this verbal pushback as well as the reminder that the ECB will be stepping up PEPP purchases is certainly doing the trick for European bonds

Further Development

Analyzing the current trading chart of EUR, I found that there was the massive buying climax yesterday after the FOMC but there was no fallow trought today, which is big sing of weakness.

Key Levels:

Resistance: 1,1980

Support levels:1,1915 and 1,1890.