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Jul 09 - 08:55 PM

EUR/USD - Pullback Suggests Range Trading To Persist

By John Noonan  —  Jul 09 - 07:20 PM
  • EUR/USD opens 0.40% lower after break of triple-top at 1.1345/55 fizzled

  • Pair still correlating with equities, which fell on coronavirus concerns nL1N2EG28WnL1N2EG13N

  • EUR/USD support at 10-day MA at 1.1269 and 21-day MA at 1.1258

  • A break below 1.1255 would suggest 1.1168/1.1422 range trading to continue

  • Sellers are eyed ahead of 1.1350 while bids are tipped 1.1250/65

  • For more click on FXBUZ










eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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