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Thomson Reuters
Jul 05 - 02:36 PM
EUR/USD - Key Fib Holds Despite Data And ECB Rhetoric
First appeared on eFXplus on Jul 05 - 09:50 AM
  • German industrial order data & bullish ECB rate talk lifts EUR/USD
  • Lift nears June 26 high and 61.8 Fib of 1.1853-1.1508
  • Below forecast US ADP and above forecast can't push EUR/USD higher
  • Large 1.1700 XXX and looming Fed minutes help push pair back below 1.1700
  • Daily RSI gives bulls a tailwind, if resistance does break 1.1850/60 eyed
  • Long-term trend remains bearish, only above 1.20/1.21 does that view change

chart: Click here

Source:
Thomson Reuters IFR Markets

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