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Aug 31 - 10:55 PM

EUR/USD - Well Bid As Buyers Emerge After Early Dip

By John Noonan  —  Aug 31 - 09:25 PM
  • EUR/USD traded above 1.1950 after trading down to 1.1934 earlier

  • Sellers ahead of double-top at 1.19766 capping rally for now

  • USD broadly turned lower when USD/JPY sold off from early high at 106.03

  • Sentiment towards the USD remains decidedly bearish

  • A break above 1.1070 would likely see a swift run to 1.2000 and above

  • Resistance is at the 76.4 fibo of the 1.2556/1.0636 move at 1.2102

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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