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Derived real-time data in partnership with:
Thomson Reuters
Aug 05 - 05:00 PM
EUR/USD - Bears In The Ascendancy, But 1.1500 Is Pivotal
First appeared on eFXplus on Aug 05 - 03:45 PM
  • Opened unchanged - Italy dominated Friday nL5N1UU1K1, little weekend news
  • Friday's close below 1.1575 July low leaves momentum studies heading lower
  • 5, 10 & 20 DMAs fall - bearish setup - first trending signals in a month
  • 1.1500 proved resilient support in May/June - bears need a break to confirm
  • NY 1.1560/1.1610 range initial support/resistance - Asia to range trade
  • 1.1550 419M, 1.1575/80 602M, 1.1600/05 970M & 1.1640 939M strikes today

eur aug 6 Click here

Source:
Thomson Reuters IFR Markets

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