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Sep 19 - 08:55 PM

EUR/USD - Opens Higher, Charts Are Positive - 1.2000 Key

By Andrew M Spencer  —  Sep 19 - 07:55 PM
  • Steady after closing up +0.4% resilient with the U.S. dollar off 0.25%

  • EUR up but yield spreads rose, 10yr bund flat 2.193%, 10yr UST +3bp 3.719%

  • Sticky EZ inflation will prevent the ECB following the Fed's aggressive lead

  • Charts retain a modest positive bias; mixed daily momentum studies,

  • 21-day Bollinger bands expand while 5, 10 & 21-day moving averages rise

  • Close outside Thursday's 1.1068 base or above 1.1200 key for next week

  • This week's 1.1189 high then the August 1.1201 top are the first resistance

  • 1.1150 3.093 BLN, and 1.1175 1.426 BLN are the close strikes for Sept 20th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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