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Aug 23 - 08:55 PM

EUR/USD - Opens Higher As Risk Rallies And Fed Tapering Fears Fade

By John Noonan  —  Aug 23 - 07:14 PM
  • EUR/USD opens 0.39% higher after USD broadly eased and risk assets rallied

  • Concerns Powell would clearly signal Fed tapering at Jackson Hole are fading nL1N2PU1X4

  • EUR/USD closed above 10-day MA @ 1.1732 - easing downward technical pressure

  • Resistance is at the 38.2 of 1.1909/1.1664 move at 1.1756

  • More resistance @ 21-day MA @ 1.1779 and break would suggest bottom in place

  • The 10-day MA at 1.1732 is now support and buyers are tippe 1.1690/1.1700

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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