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Jul 08 - 08:55 PM

EUR/USD - Key Resistance And Downtrend Held - Large Strikes Cap

By Andrew M Spencer  —  Jul 08 - 07:29 PM

  • Touch firmer after closing +0.45%, as shorts squeezed by risk off sentiment

  • EU says UK liable for EUR 47.5BLN in post-Brexit settlement nL2N2OK2B7

  • Settlement likely to join the list of EU-UK disputed post Brexit issues

  • Charts; 5, 10 & 21 daily moving averages, 21 day Bollinger bands head south

  • Bearish trending setup targets a test of the 1.1704 March low longer term

  • Close above under pressure 1.1855 10 DMA, would suggest consolidation

  • 1.1800 1.338 BLN and 1.1850 1.151 BLN are the significant close strikes

  • NY 1.1834-1.1868 range is initial support and resistance


    For more click on FXBUZ


eur jul 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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