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Jun 19 - 08:55 PM

EUR/USD - Steady Start After Friday's Fall Due To USD/JPY Surge

By John Noonan  —  Jun 19 - 07:05 PM
  • EUR/USD trading close to Friday's 1.0490 close in quiet start to week

  • It fell 0.60% Friday when soaring USD/JPY led the USD broadly higher

  • Resistance is at the 10-day MA at 1.0536 and Friday's 1.0560 high

  • Key resistance @ 21-day MA @ 1.0631 and break would suggest bottom in place

  • Support is at Friday's 1.0445 low and June 15 low at 1.0359

  • EUR/USD may consolidate with US holiday today impacting flows

  • Bias is for lower while the 21-day MA caps rallies

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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