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Sep 01 - 08:55 PM

EUR/USD - Opens Higher As Weak US Data And Hawkish ECB Underpin

By John Noonan  —  Sep 01 - 07:01 PM
  • EUR/USD opens +0.26% at 1.1840 after hitting a 4-week high at 1.1857

  • Weaker US ADP jobs and hawkish ECB rhetoric underpinning EUR/USD nN9N2NL019nL1N2Q30H2

  • Close above 55-day MA (1.1816) targets 38.2 of 1.2266/1.1664 at 1.1894

  • The 55-day MA at 1.1816 is now support

  • Bids are tipped just below 1.1800 and sellers are eyed 1.1860/70

  • Short-term trend higher resumes with 5, 10 & 21-day MAs in bullish alignment

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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