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Aug 08 - 10:55 PM

EUR/USD - Range Extends - Large Close Strikes Contain

By Andrew M Spencer  —  Aug 08 - 08:45 PM

  • Steady in Asia after closing little changed after an inside day

  • No tier 1 EU data this week - focus will be on Wednesday's U.S. CPI

  • 5, 10 & 21 day moving averages base, daily momentum studies conflict

  • 21 day Bollinger bands contract, little bias, as recent choppy range extends

  • 1.0294, August high and 1.0303 upper 21 day Bollinger band are the range top

  • Last week's 1.0123 base and 1.0082 61.8% July-August rise range base

  • 1.0185 1.406 BLN and 1.0200/10 1.686 BLN are Monday's close strikes

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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