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Apr 08 - 03:55 AM
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EUR/USD - Overbought In Wake Ceasefire, 200-DMA Key
By Jeremy Boulton — Apr 08 - 02:20 AM
• EUR/USD jumps 1.1589-1.1708 on Wednesday
• Rally lifts pair above 1.1666 peak 20-day Bollingers - overbought
• Close in relation to the 200-DMA at 1.1673 is key
• Rise toward 1.1746/1.1826 may follow closes above 200-DMA
• EUR/USD may be set for a lengthy consolidation within 1.15-20
•
EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters