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Jun 13 - 08:55 PM

EUR/USD - Key Support In Focus After Plunging On Fed Fears

By John Noonan  —  Jun 13 - 07:30 PM
  • EUR/USD fell 1.0% Monday as market priced in possibility of 75 BP hike by Fed nL1N2Y01UQ

  • Market eyeing major support at 1.0340/50 as trend lower set in place

  • The 2022 low is 1.0349 while the 2017 trend low is at 1.0340

  • The 5, 10 & 21-day MAs back in a bearish alignment

  • Resistance is at former support at 1.0515/20 and 10-day MA at 1.0618

  • Key in Asia will be EUR/JPY flows out of Tokyo

  • EUR/USD to remain vulnerable until FOMC meetinb concludes Wednesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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