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Sep 15 - 01:55 AM

EUR/USD - Consolidates In Narrow Range In Asia As Markets Settle

By John Noonan  —  Sep 14 - 11:40 PM
  • EUR/USD opened +0.10% at 0.9978 after it was sidelined by USD/JPY action

  • It edged up to 0.9984 in early Asia as most risk assets moved higher

  • USD/JPY reversed higher late morning and EUR/USD drifted down to 0.9968

  • Heading into the afternoon EUR/USD was trading around 0.9970

  • Resistance is at the 10-day MA at 0.9988 and 21-day MA at 0.9992

  • A clear break above 1.0000 targetst he 55-day MA at 1.0118

  • Support is at the Sep 8 low at 0.9931 and trend low at 0.9864

  • US data later today may cause some volatility if US yields react

  • US retail sales, IP, Philly Fed, import and export prices and jobless claims on tap

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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