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Sep 05 - 08:55 PM

EUR/USD - Steady Start After Tiny Gain Friday After US Jobs Miss

By John Noonan  —  Sep 05 - 06:47 PM
  • EUR/USD opens above 1.1880 after eking out a 3 pip gain on Friday

  • It traded as high as 1.1909 in the wake of the big miss on US jobs nL1N2Q51PX

  • Resistance is at the double-top formed at 1.1909

  • A break above 1.1910 targets the 100-day MA at 1.1951

  • EUR/USD trending higher with 5, 10 and 21-day MAs in a bullish formation

  • Support is at 1.1816 where the 10 and 55-day MAs converge

  • Consolidation likely with US holiday today and ECB meeting on Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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