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Jun 16 - 11:55 PM

EUR/USD - Support Holds, As Strikes Contain - Trend Is Lower

By Andrew M Spencer  —  Jun 16 - 09:35 PM

  • Steady after closing off 1.05%, after Fed's dot plots surprised nL2N2NX1EJ

  • 550M 1.1985, 290M 1.9990 and 1.083BLN 1.2000/05 strikes may contain in Asia

  • Charts; 21 day Bollinger bands expand, 5, 10 & 21 DMAs track south

  • Trending setup - 1.2032 lower 21 day Bollinger suggests oversold short term

  • 1.1986 May low and 50% of March-May rise and 1.1995 200 DMA under pressure

  • Sustained 1.1980 break would open the door to 1.1920, 61.8% March-May rise

  • Asian 1.1984 low and 1.2115 pre FOMC price initial support, resistance

    For more click on FXBUZ


eur jun 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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