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Jun 29 - 09:55 PM

EUR/USD - Firmer USD Weighs, Leaving The Charts Pointing Lower

By Andrew M Spencer  —  Jun 29 - 07:45 PM

  • Steady after closing off 0.2% on broad based month end USD strength

  • Light at the end of COVID-19 tunnel, as EU confidence surged nL5N2OB1R3

  • Financial sector faces heavier burden in EU climate plans nL5N2OB4RU

  • It will be interesting to see how the 'city of London' responds

  • Charts; 21 day Bollinger bands, 5, 10 & 21 daily moving averages fall

  • Bearish trending setup targets 1.1837, 76.4% March-May rise, a June base

  • Close above the 1.1999 200 DMA needed to undermine the downside bias

  • NY 1.1878-1.1911 range is initial support and resistance

    For more click on FXBUZ


eur jun 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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