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Thomson Reuters
Apr 10 - 11:00 PM
EUR/USD - Probing Trendline Resistance As ECB Dust Settles
First appeared on eFXplus on Apr 10 - 09:15 PM
  • EUR/USD nudges higher after ECB meet, may break trendline
  • Taking out 1.1278 resistance will pave way toward 1.1341 target
  • Breach of downward trendline exposes 200-week moving average line
  • Fri close above 1.1267 nullifies weekly Bollinger downtrend channel
  • ECB was dovish but held back from clear bias to cut nL8N21S4I5
  • USD softening linked to US core CPI underperforming nL1N21S0M2

EURtrendline: Click here

EURweekly: Click here

Source:
Thomson Reuters IFR Markets

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