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Sep 03 - 11:00 PM
EUR/USD - 1.1000 Strikes Cap - Downtrend Still Strong
First appeared on eFXplus on Sep 03 - 09:20 PM
  • Touch firmer after closing up 0.1%, after bouncing off fresh 1.0926 2019 low
  • No-deal Brexit risks chaos, global firms tell UK - The Times nL3N25V01T
  • ECB poll - easing expected, but inflation remains illusive nL3N25T2EQ
  • Charts - 5, 10 & 21 daily, weekly and monthly MAs all trend lower
  • First major support is 1.0863, 76.4% of the 2017/2018 climb
  • Close above 1.1027 prior August low would undermine the downside bias
  • European 1.0926 low and 1.1000 1BLN strikes initial support/resistance

eur sep 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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