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Sep 21 - 01:55 AM

EUR/USD - Steady To Firm In Relatively Calm Asia

By John Noonan  —  Sep 20 - 11:45 PM
  • EUR/USD opened unchanged at 1.1727 and traded in a 1.1723/40 range

  • Heading into the afternoon it was trading around 1.1730

  • Equity markets were relatively calm in Asia with E-minis + 0.35%

  • EUR/JPY bargain hunting pushed the cross up around 0.20%

  • Talk of EUR/USD bids at 1.1700 underpinning the pair for now

  • Resistance is at the 10-day MA at 1.1783 and break eases pressure

  • Support is forming at 1.1700 and break targets 2021 low at 1.1664

  • EUR/USD looks like it will range trade ahead of FOMC Wednesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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