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May 17 - 09:48 PM

EUR/USD - Steadies Above 1.0815 After Early Dip

By John Noonan  —  May 17 - 06:55 PM
  • EUR/USD traded 1.0802 from Fri close 1.0822 earlier when USD broadly firmed

  • Comments from Germany's Weber on suspending China takeovers also weighed nL8N2CY0M6

  • EUR/USD has steadied above 1.0815 amid talk of bids stacked below 1.0800

  • EUR/USD trend-line support is at 1.0788 today with more support at 1.0766

  • Resistance at 21-day MA at 1.0844 and Friday's high at 1.0851 (EBS)

  • EUR/USD received support from EUR/GBP buying on Friday as cross rose 1.24%

  • Range trading likely to continue in Asia with EUR/JPY flow driving direction










Source:
Refinitiv IFR Research/Market Commentary

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