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Refinitiv
Jun 18 - 12:12 AM
EUR/USD - Strikes Contain, While EUR/GBP Demand Supports
First appeared on eFXplus on Jun 17 - 09:15 PM
  • Up 0.1% after opening flat, supported by large EUR/GBP demand in NY
  • EUR/GBP +0.1% - closed +0.5%, as a no deal Brexit increases nL8N23O1GJ
  • 1.1200-10 1.3BLN, 1.1225 350M, 1.1240 1BLN are today's close strikes
  • Charts show negative momentum studies, 5, 10 & 21 DMAs conflict
  • Neutral setup, close below 1.1198, 61.8% March/May fall would be bearish
  • Europe's 1.1204 low and NY 1.1247 high is initial support/resistance

Source:
Refinitiv IFR Research/Market Commentary

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