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Sep 28 - 10:55 PM

EUR/USD - Firmer As USD Eases - Charts Continue To Point Lower

By Andrew M Spencer  —  Sep 28 - 09:05 PM
  • +0.1%, with the softer USD, on improved risk appetite, E-mini S&P +0.3%,

  • EU willing to work on legal Brexit agreement with UK - Times nL8N2GQ00J

  • EU and Britain far apart as key week of Brexit talks begins nL8N2GP3HI

  • As always with the Brexit issue, there are more questions than answers

  • Techs show 5, 10 & 21 DMAs heading lower with 21 day Bollinger bands

  • Bearish setup initially targets 1.1591, 50% of the June-September rise

  • Close above the falling 1.1785 21 DMA would end the downside bias

  • Earlier 1.1660 low and 1.1728 10 DMA are initial support-resistance

    For more click on FXBUZ

eur sep 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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