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Sep 01 - 09:55 PM

EUR/USD - Key Resistance Holds - Value Here For Bears

By Andrew M Spencer  —  Sep 01 - 08:08 PM

  • Flat after climbing 0.25% - bid in Europe on strong PMI and inflation fears

  • EU yields at six-week highs on inflation fears support Euro nL1N2Q30H2

  • Charts; 5, 10 & 21 day moving averages conflict, 21 day Bolli bands expand

  • Neutral setup, 1.1853 upper 21 day Bollinger band proved resilient Wednesday

  • Mixed signals suggest consolidation - 21 day Bolli bands often define range

  • Suggests current levels an opportunity with close stops for EUR/USD bears

  • 1.1814 NY low initial support - 1.1845 402mln strikes first resistance

For more click on FXBUZ


eur Sep 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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