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Aug 12 - 02:36 AM
EUR/USD - Continues To Pivot Around 1.1200 In Quiet Asia
First appeared on eFXplus on Aug 11 - 11:35 PM
  • EUR/USD traded in a 1.1195/1.1209 range in a very quiet Asian session
  • Heading into the afternoon it was trading close to the morning high
  • Offsetting factors ensuring the EUR/USD remains directionless
  • Weak EZ economic data and uncertain Italian politics limiting upside
  • US-China trade was fears underpinning the EUR/USD at the lows
  • Support at the 10-day MA at 1.1161 and break renews downward pressure
  • Resistance at the 61.8 of the 1.1412/1.1027 move at 1.1264

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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