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Jun 27 - 08:55 PM

EUR/USD - Downtrend Stalled, But Still Valid - Strikes Contain

By Andrew M Spencer  —  Jun 27 - 07:22 PM

  • Steady after closing little changed on Friday, after a 1.1975 failure

  • Macron rolls out red carpet to financiers, in post-Brexit push nL5N2O747G

  • France is making a concerted push to lure investment away from London

  • 992M 1.1915/25 and 1.127BLN 1.1945/50 strikes likely define Asian range

  • Charts; 21 day Bollinger bands ease, 10 & 21 daily moving averages fall

  • Trending setup targets 1.1837, 76.4% March-May rise, a June base

  • Close above the 1.1998 200 DMA needed to undermine the downside bias

  • NY 1.1926 - 1.1975 range is initial support and resistance

For more click on FXBUZ


eur jun 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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