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Jul 05 - 02:55 AM

EUR/USD - Trades With Soft Tone In Quiet Asian Session

By John Noonan  —  Jul 05 - 12:01 AM
  • EUR/USD opened 1.1868 after moving higher following US jobs data nL2N2OE1RD

  • The USD firmed slightly in Asian and the EUR/USD dipped to 1.1852

  • Heading into the afternoon its trading around 1.1855

  • Resistance is at the 10-day MA at 1.1898 and break would lengthen correction

  • Support is at Friday's 1.1807 low with buying tipped at 1.1840/50

  • EUR/USD still trending lower and selling rallies is the favoured strategy

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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