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Feb 15 - 07:55 PM

EUR/USD - Sellers Ahead Of 1.2150 Capping For Now

By John Noonan  —  Feb 15 - 06:29 PM
  • EUR/USD opens marginally higher after trading as high as 1.2145 Monday

  • Pair has topped out 1.2140/50 for three of the last four trading days

  • Price action validates resistance at 50% of 1.2340/1.1952 move at 1.2150

  • Support is at the 10-day MA at 1.2084 and break 2ould suggest top has formed

  • EUR/USD getting support from EUR/JPY buying as risk assets remain elevated

  • USD-favourable yield differential helping to limit rallies for now

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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