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Thomson Reuters
Oct 04 - 08:36 PM
EUR/USD - Plenty Of Strikes Today, But The Trend Is Lower
First appeared on eFXplus on Oct 04 - 06:45 PM
  • Flat after closing +0.3%, firming with GBP on Brexit optimism nL8N1WK2GW
  • Italian deficit issue still live - euro officials are sceptical nL8N1WK2R6
  • Technically, despite yesterday's bounce, 5, 10 & 21 DMAs trend south
  • Bearish setup initially targets 1.1422, 76.4% of the August/September bounce
  • 1.1450 2.1BLN, 1.1500 1.5BLN, 1.1525-55 1BLN & 1.1575/00 2BLN strikes
  • NY 1.1493/1.1542 range is initial support/resistance

eur oct 5 Click here

Source:
Thomson Reuters IFR Markets

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