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Sep 03 - 03:55 AM

EUR/USD - Strong Indication EUR/USD Returns To 1.2000

By Jeremy Boulton  —  Sep 03 - 02:37 AM
  • Clean EUR/USD break over 55-DMA 1.1817 and into daily Ichimoku cloud

  • Cloud spans 1.1847-1.2009, a return to peak is return to top of the range

  • EUR/USD entered a rough 1.17-1.20 range in mid-June

  • While in that range traders pared most of the longs they previously held

  • There is little restraint now on the underlying and solid uptrend

  • Trend began in March 2020 with minimum tech correction met at 1.1695 in Aug

  • 200-DMA at 1.2004 and cloud top pose formidable resistance





EURUSD Click here

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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