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Jul 27 - 09:55 PM

EUR/USD - Touch Firmer, As Downtrend Struggles - FOMC Key

By Andrew M Spencer  —  Jul 27 - 08:05 PM

  • +0.05% after closing up 0.1% on softer USD, but capped by EUR/GBP selling

  • EU-UK agree to pause legal action on Northern Ireland issues nL8N2P36RW

  • A N.Ireland compromise would ease trade barrier fears - GBP positive

  • FOMC key, as Fed weigh optimistic economy v's Delta variant nL1N2OY1SA

  • Charts; 5 & 10 daily moving averages base, 21 DMA still head lower

  • 21 day Bollinger bands contract - mixed signals - downtrend hangs in

  • Close above under pressure 1.1820 21 DMA needed to end downside bias

  • Rejection of lower 21 day Bolli and 21 DMA break to target 1.1886 upper band

    For more click on FXBUZ


eur jul 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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