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Oct 27 - 05:55 AM

EUR/USD - Targets To Consider On ECB Day

By Jeremy Boulton  —  Oct 27 - 03:40 AM
  • EUR/USD has broken above previously key resistance levels

  • Given extent prior drop there's ample scope for a bigger rise

  • EUR/USD dropped 1.2266-0.9528 as a consequence of changing Fed policy

  • 23.6% and 38.2% retracements of that drop are 1.0174 and 1.0574

  • Upside targets off record low are 1.0104 and 1.0395

  • Targets for a pullback are 0.9960 and 0.9878





Source:
Refinitiv IFR Research/Market Commentary

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