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Jun 20 - 08:55 PM

EUR/USD - Quiet Start Following Three-Day Sell-Off

By John Noonan  —  Jun 20 - 07:05 PM
  • EUR/USD eased 0.32% Friday after USD broadly formed on Bullard comments nL2N2O0136

  • The pair has fallen over 2.0 % since the more hawkish than expected FOMC

  • Support is at the 76.4 of the 1.1704/1.3366 move at 1.1836

  • A break below 1.1835 targets the year's low at 1.1704

  • Resistance is at Friday's high at 1.1925 and 200-day MA at 1.1996

  • EUR/USD trending lower with 5, 10 & 21-day MAs in bearish formation

  • Fed-speak this week may cause some volatility in near-term

  • NY Fed President Williams speaks today while Fed Chair Powell speaks Tuesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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