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Aug 29 - 10:55 PM

EUR/USD - Key Resistance Broken - 1.1870 Beckons

By Andrew M Spencer  —  Aug 29 - 08:59 PM

  • Steady after rising 0.4% with a bullish outside day on Friday

  • USD led last week and ahead of U.S. payrolls, will probably lead this week

  • German CDU candidate struggles to revive flagging fortunes nL1N2Q0099

  • Centre-left Social Democrats (SPD) lead polls into September 26th election

  • 1.1765/75 2.102 BLN and 1.1800/15 1.314BLN close strikes likely contain

  • Charts; 5, 10 & 21 day moving averages conflict, 21 day Bolli bands contract

  • Neutral setup, but close above 1.1765 well tested 21 DMA was bullish

  • 21 DMA break opens the door to a test of the 1.1871 upper 21 day Bolli band

    For more click on FXBUZ


eur aug 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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