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Aug 05 - 09:48 PM
EUR/USD - Continues To Benefit From Trade War Escalation
First appeared on eFXplus on Aug 05 - 08:25 PM
  • EUR/USD building on gains made on Monday as US-China trade was escalates
  • US named China as ccy manipulator and S&P futures down 1.4% nFWN2510YK
  • EUR/USD up 0.37% - above resistance @ 1.1231 where 55 & 100-day MAs converge
  • Next level of resistance at the 61.8 of the 1.1412/1.1027 move at 1.1264
  • EUR/USD supported by plunging US yields and EUR buying against EM ccys

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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