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Aug 25 - 08:55 AM

EUR/USD - FX Traders Set Course For August 21 High

By Peter Stoneham  —  Aug 25 - 06:50 AM
  • EUR bucking a two-day drop and clouding neat-term direction

  • However, daily studies are bearish and not confirming latest rally

  • Bulls need to overcome Aug 21 1.1883 high to put the EUR on a new heading

  • The range-trend high at 1.1966 the prize for a bullish resumption

  • Aug 21 1.1755 low also seen pivotal ahead of key 1.1695-1.1711 supports

  • Weekly chart still smacks of a bullish continuation pattern





EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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