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Jun 18 - 01:55 AM

EUR/USD - Heavy As The USD Firms, While Stocks Climb

By Andrew M Spencer  —  Jun 17 - 11:45 PM
  • Off 0.1% at the base of a 1.0724-1.0741 range with the USD up 0.1%

  • Asian stocks are higher with Wall Street - European ESTX 50 +0.35%

  • ZEW economic sentiment leads EU data, then U.S. Core retail sales and IP

  • Charts show mixed momentum studies, while 21-day Bollinger bands expand

  • 5, 10, & 21-day moving averages fall - signals maintain a negative setup

  • Targets a test of 1.0594/1.0601, 0.786% of Oct/Dec rise and the April low

  • Monday's 1.0686 low and Friday's 1.0667 trend low are initial supports

  • Friday's 1.0745 high and 1.0814 21 DMA are the first resistances

  • 1.0725/30 1.559 BLN and 1.0750 798mln are the close strikes for June 18

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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