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Sep 20 - 09:55 PM

EUR/USD - Fading The Range Edges Remains The Value Trade

By Andrew M Spencer  —  Sep 20 - 08:15 PM
  • A touch firmer with no game changing weekend news, as consolidation extends

  • German public sector unions prepare walkouts over pay nL5N2GH06Y

  • EU seeks new powers to penalise tech giants - FT nL5N2GH01O

  • Techs; momentum studies conflict, 5, 10 & 21 DMAs coil - neutral setup

  • Choppy consolidation around 1.1850 has dominated since early August

  • Well tested 21 day Bollinger bands define the range on the close

  • They come in today at 1.1766 and 1.1918 - fading the edges provides value

  • NY 1.1826-1.1870 range is initial support-resistance, 1.1875 413M strikes

    For more click on FXBUZ

eur sep 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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