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Aug 03 - 10:55 PM

EUR/USD - Choppy Range Trading Continues - Large 1.0150 Strikes

By Andrew M Spencer  —  Aug 03 - 08:40 PM

  • Off 0.1% after closing a touch firmer in choppy offshore markets

  • EUR/USD has been in a range since mid July, as the holiday season kicks in

  • Pair needs a trigger to spark a move - upcoming data a potential catalyst

  • 5, 10 & 21 day moving averages edge lower, momentum studies conflict

  • 21 day Bollinger bands contract - setup shows little bias

  • 1.0294, Aug high and upper 21 day Bollinger band are the range top

  • 1.0082 61.8% July-August rise is initial significant support

  • 1.0150 2.396 BLN and 1.0200/15 2.218 BLN are today's close strikes

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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