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Jun 20 - 08:36 PM
EUR/USD - Key Resistance In Focus On Dovish Fed Expectations
First appeared on eFXplus on Jun 20 - 07:05 PM
  • EUR/USD opens 0.55% higher after trading as high as 1.1317
  • Close above 1.1260/75 resistance targets 200-day MA at 1.1350
  • EUR/USD hasn't been above 200-day MA since early May, 2018
  • Support at former resistance at 1.1260/65 where 10 % 100-day MAs converge
  • USD may be better bid in Asia after US Treasury yields bounced late in NY
  • 10-year yield closed unchanged @ 2.02% after it hit 1.97% in Asia yesterday

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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