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Aug 20 - 03:55 AM
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EUR/USD - On Cusp Of A Big Upside Level
By Jeremy Boulton — Aug 20 - 02:10 AM
• EUR/USD rises to 1.1684 on Thursday
• Limit for correction of May-June 1.1794-1.1325 drop is 1.1694
• A rise to May's 1.1794 peak likely on any move beyond 1.1694
• The rally is quite stretched toward peak 20-day Bollingers
• Short squeeze fuelled rise, likely few longs to bar bigger gains
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters