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Aug 30 - 09:55 PM

EUR/USD - Modest Topside Bias, As Strikes Provide A Base

By Andrew M Spencer  —  Aug 30 - 08:00 PM
  • Gently bid in a very tight 1.1902-1.1915 range in early Asia

  • IMM data showed EUR spec positions +14,809 to 211,752 contracts nL1N2FU1WU

  • Possible to agree EU-China investment accord by end-2020 nL1N2FW03J

  • Techs; 5, 10 & 21 DMAs, momentum studies base - modest topside bias

  • Upper 21 day Bolli capped again Friday - now resistance at 1.1932

  • 1.1723-1.1932 21 day Bolli bands starting to expand - potential volatility

  • NY 1.1868 low and London 1.1920 high are initial support-resistance

  • 1.1865/80 738 MLN and 1.1900 1.449 BLN strikes support

    For more click on FXBUZ

eur aug 31 Click here

Source:
Refinitiv IFR Research/Market Commentary

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