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Jul 28 - 09:55 PM

EUR/USD - Choppy Range To Dominate - Large 1.1850 Strikes

By Andrew M Spencer  —  Jul 28 - 08:06 PM

  • Steady after closing up 0.25% with the USD broadly weaker, as risk steadied

  • U.S. bipartisan infrastructure deal vote passed in the Senate nL1N2P41PZ

  • News is positive for risk, though it is only the beginning of Biden's plans

  • Charts; 5 & 10 daily moving averages base, 21 DMA still heads lower

  • Neutral setup - close above 1.1820 21 DMA ended the bearish bias

  • Tight 1.1753 and 1.1887 21 day Bollinger bands likely define the range

  • 1.1772 NY low is initial support and 1.1850 1.726 BLN strikes may cap

For more click on FXBUZ


eur jul 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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