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Aug 04 - 07:55 AM

EUR/USD - Downside Vulnerable, Market Expects Dollar Strength

By Martin Miller  —  Aug 04 - 06:20 AM
  • EUR/USD "bull trap" will likely see an eventual slump nL1N2ZG0DL

  • FX markets haven't seen last of dollar strength yet - analysts nL4N2ZF1VR

  • Further dollar strength would put downward pressure on EUR/USD

  • EUR/USD has seen a 1.0154-98 range on Thursday so far, according to EBS data

  • It is likely to be stuck in a range as market seeks a fresh catalyst

  • This range trading may continue until key US non-farm payrolls on Friday

  • Huge EUR/USD expiries in the vicinity amid G10 strikes nL1N2ZG0D3

Source:
Refinitiv IFR Research/Market Commentary

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