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Aug 04 - 09:55 PM

EUR/USD - Positive Signals Evaporate - 1.1826 Pivotal Support

By Andrew M Spencer  —  Aug 04 - 08:03 PM

  • Flat, closed -0.25% on broad USD strength, as commodities, U.S. stocks slip

  • Summer holiday season in full swing, creating modest August volatility

  • Wednesday's bearish outside day turned a modest positive setup to neutral

  • 5, 10 & 21 daily moving averages and neutral momentum studies conflict

  • 1.1899 horizontal upper 21 day Bolli band is first resistance and caps

  • 21 day Bollinger bands are a good indicator of an over extended price

  • 1.1826 21 daily moving average is first support - close below bearish

  • 1.1825/30 1.184BLN and 1.1845/50 1.457BLN, 1.1860 2.408 BLN strikes contain

    For more click on FXBUZ


eur aug 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

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