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Sep 11 - 11:00 PM
EUR/USD - 1.1050 Caps, As Charts And ECB Expectations Weigh
First appeared on eFXplus on Sep 11 - 09:15 PM
  • Flat after falling 0.3%, led by expectations ECB will deliver nL5N2622HL
  • Charts show daily, weekly and monthly 5, 10 & 21 moving averages falling
  • A strong bearish trending setup, looking for a test of the 1.0926 Sep base
  • Close above well tested 1.1054 21 DMA would flag caution for bears
  • Break of 1.0863, 76.4% of the 2017/2018 rise would target 1.0340 2017 base
  • 1.0970-75 450M, 1.0990-1.1000 550M strikes support and 1.1040-55 1.2BLN cap
  • Bold action from the ECB the catalyst for a significant fall nL3N26243F

eur sep 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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