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Aug 03 - 06:55 AM

EUR/USD's Recovery Attempts Will Likely Run Out Of Steam

By Martin Miller  —  Aug 03 - 05:55 AM
  • There is a chance dollar longs will continue to bail nL1N2ZD0RE

  • Dollar dips as investors parse Fed hints on rate hikes nL4N2ZF20S

  • The fall in the dollar is underpinning EUR/USD short-term

  • EUR/USD has recovered from 1.0150 to 1.0197 range Wed, according to EBS data

  • However, EUR/USD multiple failures above 1.0271 Fibo is bearish nL1N2ZF0CZ

  • 1.86B worth of 1.0195-1.0200 NY cut expiries could attract into the NY cut

  • June German exports surge to record level, outlook still gloomy nL8N2ZF1T8

  • June Euro zone retail sales drop more than expected, prices up nL8N2ZF2XY

Source:
Refinitiv IFR Research/Market Commentary

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