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Jul 26 - 08:55 PM

EUR/USD - Steady Start As Trend Higher Continues

By John Noonan  —  Jul 26 - 07:15 PM
  • EUR/USD trading just below Friday's close at 1.1655

  • EUR/USD rose 0.50% on Friday, as the USD fell across the board

  • Trend higher in place with 5, 10 and 21-day MAs in bullish alignment

  • Little in the way of resistance ahead of Sept 29 high at 1.1815

  • Support at Friday's 1.1581 low as break ends 7-day run of higher lows

  • Biggest concern for bulls is RSI reading is extremely overbought

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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