EUR/ USD holds above1.13 as Russia captions laggardly, for now. Barclays jumps as gains further than double. 

 EUR/ USD holds above1.13 

 EUR/ USD is edging advanced as threat sentiment improves. With no notable Russian captions overnight, fears of war have calmed and threat appetite is cautiously advanced 

.The euro is telling off weaker German consumer morale after the GFK consumer confidence suddenly fell to-8.1 in March, falling from-6.7 in February. Prospects had been for a rise to-6.1. 

 

 The fall in consumer morale comes as affectation remains elevated and patron prices sit at 25 suggesting that affectation is doubtful to fall any time soon. 

Todays data comes following upbeat German IFO business sentiment data history. 

 

 Looking ahead Eurozone CPI affectation is anticipated to confirm the primary reading of5.1. 

There's no high impacting US data due moment. 

 

 Where coming for EUR/ USD? 

 EUR/ USD has traded fairly range bound over the once 10 days limited on the downside by the 100 sma a1.1390 and on the lower band by1.1290. 


 The RSI is showing many suggestions over what to anticipate. For a rout trade merchandisers could look for a move below1.1290 towards support a1.1230 the December low and1.1190 the November low. 

 

 Buyers could look for a move over1.1390 to target1.1490 the 2022 high. 


 Barclays jumps as gains further than double 

 Barclays has jumped advanced after reporting a record periodic profit and returning£2.5 billion to partake holders via tips and a buyback. 

The bank recorded gains of£8.4 billion, above prospects of£8.1 billion and nearly triadic the£3.1 billion recorded in 2020. The bank said that it would buyback£ 1 billion and pay out a 4p per share tip. 

 

 The strong figures came on the reverse of a strong performance in the investment banking arm as after it released£ 700 million from bad loan reserves. 

Where next for Barclays' share price? 

 Barclays has been trending lower since medial-January, hitting a two-month low of 185p history. Barclays has rebounded off that low and is trying tore-take its 50 & 100 sma. 

 

 The retreating bearish bias on the MACD is giving buyers stopgap of farther earnings. Still, the long upper wick suggests that the stock failed to find important acceptance at the 198p position. 


 Failure tore-take the 50 & 100 sma could see the share price fall back towards 190p ahead of history’s low of 185p. 

 

 A close above the 50 & 100 sma would be significant and could see buyers look to break below 200p round number and 203p the October high. A move over 209p could see the bias turn bullish.