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Jun 23 - 05:55 AM

EUR/USD - German Boom Lifts EUR/USD But 1.2000 Looks Toppy

By Jeremy Boulton  —  Jun 23 - 03:42 AM
  • German composite PMI leaps to 60.4 in June from 56.2 (57.5 f/c)

  • Service sector 58.1 from 52.8 (55.5 f/c), manufacturing 64.9 from 64.4

  • EUR/USD rises to 1.1936 EBS after data, was 1.1911 at 7.16GMT

  • Jun 16 low 1.1995, Jun 17 high 1.2006 should cap recoveries

  • Daily Ichimoku cloud 1.1975-1.2120, 200-DMA 1.1997

  • Long liquidation likely to weigh in wake hawkish Fed nL2N2O40JI


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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