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Sep 14 - 09:55 PM

EUR/USD - Opens Higher On Buoyant Risk Appetite

By John Noonan  —  Sep 14 - 08:05 PM
  • EUR/USD opens 0.15% higher after Wall Street gains weighed on USD

  • EUR/JPY selling flows capped EUR/USD gains with high Monday at 1.1888

  • Close above 21-day MA (1.1846) mildly bullish, but range trading continues

  • Support at 21-day MA at 1.1846 and 10-day MA at 1.1833

  • Resistance at post-ECB meeting high at 1.1917

  • Consolidation/range trading likely to continue ahead of FOMC Wednesday

  • EUR/JPY flows to dictate EUR/USD direction in Asia

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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