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Refinitiv
Aug 30 - 01:55 AM

EUR/USD - Consolidates Around Parity As Markets Steady In Asia

By John Noonan  —  Aug 30 - 12:05 AM
  • EUR/USD opened +0.32% at 0.9997 after EUR/JPY rise underpinned

  • EUR was broadly supported by hawkish turn in ECB expectations nL1N30516V

  • EUR/USD traded 0.9982/1.0012 move and was unchanged at 0.9997 late morning

  • Resistance is at 10-day MA at 1.0011 and 21-day MA at 1.0119

  • Support is at 0.9900 base set on Aug 23 - where option related bids eyed

  • EUR/USD will likely stay bid if markets continue to settle

  • Quiet markets encourage carry trade buying which supports EUR/JPY

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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