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Jul 07 - 09:55 PM

EUR/USD - Game Changing News Needed For A Range Break

By Andrew M Spencer  —  Jul 07 - 08:50 PM
  • Flat - closed -0.3% on risk off coronavirus led USD strength nL1N2EE1CX

  • Italy PM will not accept 'weak compromise' on EU recovery fund nL8N2EE5T3

  • Frugal four continue to hold out on EU budget package - compromise essential

  • Charts; momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • 1.1174 lower 21 Day Bolli and 1.1157, 38.2% April-June rise, range base

  • 1.1346 upper 21 day Bolli and 1.1353 mid June high - resilient range top

  • 21 day Bolli bands are a good indicator of an over stretched market

  • 1.1250 530M and 1.1300-05 1.5BLN are today's close strikes contain

For more click on FXBUZ



eur jul 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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