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Aug 20 - 11:55 PM

EUR/USD - Ticks Higher As Underlying Uptrend Resumes

By Krishna K  —  Aug 20 - 10:20 PM
  • EUR/USD drifts higher in Asia, trades in well supported 1.1859-1.1876 range

  • Boosted by a rise in U.S. jobless claims and a dip in U.S. Treasury yields

  • U.S. political rowsnL1N2FL0XF, virus aid package delay supportnL1N2FM2HA

  • Focus turns to manufacturing data from euro zone and Germany due Friday

  • Euro well poised for retest of 1.1966 high after 1.4% Wed-Thursday decline

  • 1.1799-1.1806 support test held Thursday, signals underlying uptrend intact

  • Minor support 1.1840-45; resistance 1.1900-05, 1.1925-30, 1.1965-70

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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