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Jun 24 - 08:36 PM
EUR/USD - Trend Higher To Continue While 200-Day MA Holds
First appeared on eFXplus on Jun 24 - 07:00 PM
  • EUR/USD up 0.26% Monday as trend higher continues on dovish Fed expectations
  • Friday's close above 200-day MA & 200-week MA (both 1.1348) supports
  • A close below the 200-day MA would relieve the upward pressure
  • Resistance at 1.1445/60 where March 20 high & 50% of 1.1815/1.1105 converge
  • EUR/USD likely to consolidate in Asia, as market awaits Trump-Xi meeting

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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