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Thomson Reuters
Jan 29 - 05:00 AM
Month - End EUR/GBP Boost Should See EUR/USD Vault 100-DMA
First appeared on eFXplus on Jan 29 - 02:55 AM
  • Month-end demand for EUR/GBP is assured, should underpin EUR/USD
  • Traders net short EUR/USD combining with broader spec bias to sell USD
  • EUR/USD highs coming ahead 100-DMA @ 1.1446 (Asia 1.1421-44 EBS)
  • Last close over 100-DMA saw EUR/USD 1.1477-1.1570 within two sessions
  • Test upper-end of the current range and 200-DMA @ 1.1569 looks likely
  • Breakout unlikely unless outlook for U.S. rates falls, currently stable

EUR/USD daily Click here

Fed funds Click here

Source:
Thomson Reuters IFR Markets

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