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Jun 28 - 08:55 PM

EUR/USD - Opens Lower On Month-End Flows And Pre-NFP Positioning

By John Noonan  —  Jun 28 - 07:21 PM
  • EUR/USD opens 0.11% lower despite fall in US yields nL2N2OA1CM

  • Month-end flows and position adjustments ahead of Friday's US jobs impacting

  • EUR/USD buyers ahead of 1.1900 underpinning EUR/USD on dips

  • Support is found at the double-bottom formed at 1.1845/50

  • Resistance is at Monday's 1.1944 high and 38.2 fibo at 1.2007

  • It should be a quiet Asian session with EUR/JPY flows dictating direction

  • Sentiment is mildly bearish, but range trading likely ahead of US payrolls

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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