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Jun 09 - 11:55 PM

EUR/USD - Drifts Lower Ahead Of ECB Meeting

By John Noonan  —  Jun 09 - 11:31 PM
  • EUR/USD opened 1.2177 and traded in a 1.2166/81 range during the morning

  • Heading into the afternoon it is trading at the session low

  • Pair drifted lower as market positions for a dovish ECB event

  • ECB expected to refrain from taper-talk despite revising inflation forecast nL3N2NQ43G

  • Afetr the ECB the eagerly awaited US CPI will be released

  • EUR support is at Monday's 1.2145 low and break targets 1.2104

  • Resistance is around 1.2185 where the 10 and 21-day MAs converge

  • Sellers are camped above 1.2200 with resistance at May 25 high at 1.2266

  • For more click on FXBUZ













Source:
Refinitiv IFR Research/Market Commentary

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