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Jul 26 - 07:55 PM

EUR/USD - Opens Lower As EZ Energy Woes Stoke Recession Fears

By John Noonan  —  Jul 26 - 06:35 PM
  • EUR sold off across the board due to more bad news regarding energy flows nL1N2Z62G1

  • A further cut to supplies from Russia have heightened EZ recession fears

  • EUR/USD opens 1.0% lower while EUR/JPY fell around 0.80%

  • EUR/USD closed below the 10-day MA (1.0156), which is now resistance

  • Pair looks vulnerable ahead of FOMC decision during US Wednesday session

  • There are bids 1.0080/1.0100 but little in the way of support above parity

  • EUR/JPY flows out of Tokyo to influence direction during Asian session

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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