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Aug 31 - 08:55 PM

EUR/USD - Opens Higher After Forming Double-Top At 1.1966

By John Noonan  —  Aug 31 - 06:50 PM
  • EUR/USD opens 0.27% higher @ 1.1937 after testing the Aug 18 high at 1.1966

  • The double-top could be sticky resistance in the immediate-term at least

  • A break above 1.1970 targets the 76.4 fibo of 1.2556/1.0636 at 1.2102

  • Dovish Fed expectations continue to weigh on USD and support EUR/USD [nL1N2FX1A9]

  • Support is found at the 10-day MA at 1.1854 and break eases upward pressure

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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