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Oct 20 - 04:55 AM

EUR/USD - May Shift Lower From Currently Neutral Levels

By Jeremy Boulton  —  Oct 20 - 02:40 AM
  • Wednesday EUR/USD returned to centre of its current trading range

  • Thursday stocks soft, oil rising, should weigh EUR/USD

  • Thursday's range 0.9793-55 EBS

  • Eurozone Aug c/a data due 9GMT, large 19.86 billion euro deficit in July

  • Trend is down and traders are still betting on a rise

  • A slide into lower half 20-day Bollingers 0.9767-0.9587 looks likely



Source:
Refinitiv IFR Research/Market Commentary

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