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Aug 05 - 11:55 PM

EUR/USD - Cosolidates Below Resistance At 1.1905/10

By John Noonan  —  Aug 05 - 11:30 PM
  • EUR/USD opened 0.56% higher at 1.1868 after trading as high as 1.1908

  • It traded a 1.1863/86 range in Asia and is 1.1870/75 into the afternoon

  • EUR/USD trending higher with the 5, 10 and 21-day MAs in a bullish alignment

  • Resistance has formed at a double-top at 1.1905/10

  • Support @ the 10-day MA @ 1.1784 and close below would warn of top in place

  • A clear break above 1.1910 would put the 1.2000 level in focus

  • Sentiment is bullish as US economic and political uncertainty weighs on USD nL1N2F71NInL1N2F71J2

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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