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Jun 24 - 05:55 AM

EUR/USD - Could Be A Good Session For Dip Buyers

By Peter Stoneham  —  Jun 24 - 03:50 AM
  • Bias points to an eventual push to the 1.1422 June highs

  • However, a sharp two-day climb Mon-Tues needs adjusting

  • Long upper shadows on the Jun 16 and 23 hint at supply points

  • Offers to the mid-1.13s just taking the heat out of the current rally

  • Dollar also trying to find its feet after sharp two-day losses

  • German virus situation a concern but EZ recovery hopes boosted by PMIs

  • German IFO due 0800GMT: pick up in all indices expected





EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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