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Oct 27 - 01:55 AM

EUR/USD - Slips From High As Key Resistance Draws Sellers

By John Noonan  —  Oct 26 - 11:35 PM
  • EUR/USD opened +1.11% @ 1.0080 after USD selling accelerated as US yields eased nL1N31R1R9

  • It traded to 1.0093 before USD buying returned and sent EUR/USD lower

  • It traded down to 1.0062 before settling around 1.0070 into the afternoon

  • Resistance is at 100-day MA at 1.0089 and a close above would be bullish

  • EUR/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • A break below the 10-day MA at 0.9885 would ease upward pressure

  • ECB expected to hike 75 BPs later today and retain hawkish bias nL8N31R4IX

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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