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Oct 12 - 07:55 PM

EUR/USD - Opens Slightly Lower As Risk Rally Doesn't Support

By John Noonan  —  Oct 12 - 06:10 PM
  • The correlation between rise in equities and the EUR/USD broke down Monday

  • EUR/USD opens 0.15% lower while the EUR/JPY is down 0.40%

  • Rising Coronavirus infections in Europe is weighing on EZ growth outlook nL8N2H04R6

  • EUR/USD traded to 1.1787 before buyers returned ahead of key support levels

  • The 10-day MA comes in at 1.1768 while the 21-day MA is at 1.1756

  • Key fibo resistance at the 61.8 of the 1.2014/1.1612 move at 1.1860

  • EUR/JPY flows out of Asia likely to determine EUR/USD moves in Asia

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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