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Aug 17 - 10:55 PM

EUR/USD - Cross Flow, Higher Yields Support - Large Strikes

By Andrew M Spencer  —  Aug 17 - 08:45 PM

  • +0.1% after closing up just 0.05%, supported by EUR/GBP demand +0.5%

  • EUR supported by a jump in EZ yields after UK CPI hit 10.1% nL8N2ZT21F

  • 5, 10 & 21 day moving averages crest, neutral daily momentum studies

  • 21 day Bollinger bands flat line - signals show no strong bias

  • 1.0116, lower 21 day Bolli and 1.0111 61.8% Jul/Aug rise a base Tuesday

  • Support around 1.0100 should be resilient - a potential range base

  • Close above 1.0210 21 day moving average to target 1.0303 upper 21 day Bolli

  • 1.0165/75 1.611 BLN and 1.0200/15 2.778 BLN are Thursday's close strikes

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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