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Aug 01 - 10:55 PM

EUR/USD - Caps Ahead Of 1.0300 After Breaking Above Recent Range

By John Noonan  —  Aug 01 - 09:25 PM
  • EUR/USD traded up to 1.0297 after stops above 1.0285 were triggered

  • The move higher was prompted by another slide in the USD/JPY nL1N2ZE00V

  • Sellers ahead of 1.0300 cap for now, but next resistance is at 1.0369

  • The 50% of 1.0787/10.9952 is at 1.0369 and the key 55-day MA is at 1.0427

  • The quick retreat back below 1.0270 may portend a false break has occurred

  • A move below the 10-day MA at 1.0211 would confirm that to be the case

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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