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Oct 25 - 02:55 AM

EUR/USD - Maintains Firm Tone Through Asian Session

By John Noonan  —  Oct 24 - 11:25 PM
  • EUR/USD opened +0.13% at 0.9875 after getting support from cross flows

  • It moved up to 0.9898 in Asia before running into offers at 0.9900

  • Heading into the afternoon the EUR/USD is settled around 0.9880/85

  • EUR/USD showing resilience despite bleak economic outlook for EZ nL1N31P0HM

  • Key resistance at descending trend-line that comes in at 0.9942

  • A clear break above 0.9945 would suggest a bottom is in place

  • Support comes in at the 10-day MA at 0.9808 and 21-day MA at 0.9793

  • A close below 0.9790 would renew pressure to the downside

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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