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Aug 02 - 09:55 PM

EUR/USD - Six Days Of Higher Lows - Gentle Topside Pressure

By Andrew M Spencer  —  Aug 02 - 08:14 PM

  • Steady - closed flat below gently rising 1.1899 upper 21 day Bollinger band

  • 21 day Bollinger bands are a good indicator of an over extended price

  • Upbeat July EU manufacturing data provides underlying support nZRN002HKS

  • 5, 10 & 21 DMAs climb, 6 days of higher lows, neutral momentum studies

  • Modest positive setup targets a test of 1.1948, 38.2% of the May-July fall

  • 1.1898 gently rising upper 21 day Bolli band is first resistance and caps

  • 1.1868 5 DMA a base late last week, then 1.1865 NY low initial support

  • 1.1840/55 1.643 BLN and 1.1875/00 1.160 BLN are significant close strikes

For more click on FXBUZ


eur aug 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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