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Aug 04 - 03:55 AM

EUR/USD - Recovery Will Prolong Bullish Bias Toward 1.2000

By Ewen Chew  —  Aug 04 - 01:35 AM
  • EUR/USD perking up early Tues, last 1.1768 on EBS vs close 1.1763

  • Bounce off base of Bollinger uptrend channel was bullish hint

  • Closing above 1.1740 will reaffirm chart pattern, attract buyers

  • Potential to reach 1.2000 psych barrier will then be revived

  • Lacking data cues till US NFP and China trade Fri, charts may steer

  • DXY still under Fibo line, likely to suppress USD spikes

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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