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Sep 09 - 08:55 PM

EUR/USD - Opens Slightly Higher In Muted Reaction To ECB

By John Noonan  —  Sep 09 - 06:47 PM
  • EUR/USD opens slightly higher after ECB delivered what was expected nL1N2QB0AJ

  • EUR/USD had an inside trading day as various factors offset

  • Sellers around 1.1850 capping for now 10-day MA at 1.1838 resistance

  • The 5-day MA has crossed below the 10-day - indicating waning momentum

  • Buyers ahead of 1.1800 holding with support at the 21-day MA at 1.1788

  • Range trading likely to continue through the Asian session

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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