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Jul 20 - 10:55 PM

EUR/USD - Slow March Towards 1.1700, As The Firmer USD Caps

By Andrew M Spencer  —  Jul 20 - 08:47 PM

  • Steady after closing -0.15% on broad based safe haven USD strength

  • EU and UK likely heading for conflict over Gibraltar nL1N2OW1NM

  • EU wants reforms before approving Hungary's recovery plan nL1N2OW1FE

  • Centrist EU is working to moderate it's more right wing members

  • Charts; 5, 10 & 21 daily and weekly MAs, tight 21 day Bolli bands fall

  • Strengthening negative setup targets a test of the 1.1704 March trend low

  • Close above 1.1849 21 daily moving average needed to end downside bias

  • NY 1.1755 low and Europe's 1.1802 high is initial support and resistance

For more click on FXBUZ


eur jul 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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