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Sep 11 - 07:55 PM

EUR/USD - Settles Below 1.0100 After Gapping Higher At Open

By John Noonan  —  Sep 11 - 06:10 PM
  • EUR/USD soared to 1.0130 shortly after Asia opened after closing at 1.0046

  • Hawkish ECB reports gave excuse to trigger stops above Friday's 1.0114 high nL8N30H066

  • It also appears there were stops triggered in EUR/AUD & AUD/JPY at the open

  • Some of EUR/USD gap filled back to 1.0090 as market liquidity improves

  • EUR/USD resistance @ 55-day MA @ 1.0145 and 61.80 of 1.0369/0.9864 @ 1.0176

  • Support is at the 21-day MA at 1.0018 and 10-day MA at 0.9994

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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