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Sep 01 - 08:55 PM

EUR/USD - 0.9900 Proves Resilient, But Remains Vulnerable

By Andrew M Spencer  —  Sep 01 - 07:20 PM

  • Steady early after closing down 1.05%, leading the U.S. dollar higher

  • Firm U.S. data nL1N30813F, contrast with EZ recession risk nL8N3082X0

  • Tight range likely in Asia ahead of often volatile U.S. payrolls

  • Charts, daily momentum studies, 5, 10 & 21 day, week and month ma's fall

  • 21 day Bollinger bands track lower - bearish trending signals return

  • 0.9900 August base proved resilient on a fourth test - pivotal support

  • Close above 1.0089 falling 21 day moving average would be positive

  • 0.9900 1.8 BLN, 0.9950 589 mln, 1.0000/05 1.936 BLN Friday's close strikes

For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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