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Oct 25 - 09:55 PM

EUR/USD - Key Resistance Held, But Strikes Provide Support Here

By Andrew M Spencer  —  Oct 25 - 07:45 PM
  • -0.15% with EUR/GBP up 0.2% on optimistic Irish Brexit comments nS8N2GR0FM

  • Germany agrees inflation beating public sector unions pay deal nL1N2HG0KU

  • S&P gave a surprise upgrade to the Italy rating outlook nL4N2HE4CA

  • Charts; 5, 10 & 21 DMAs and momentum studies head higher - bullish setup

  • Close above 1.1860, 61.8% of the September fall would target 1.2014 Sep top

  • NY 1.1825-1.1865 range is initial support-resistance

  • 1.1830/40 1.238BLN close strikes likely a base in Asia

For more click on FXBUZ


eur oct 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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