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Jun 17 - 03:48 PM
EUR/USD - Bears' Progress On Hold Ahead Of The Fed
First appeared on eFXplus on Jun 17 - 01:40 PM
  • Pair unable to hold below daily cloud base, 21- & 55-DMAs, lift in early NY
  • Downbeat data hints at slower US growth, US$ & UST rates slip
  • 1.1250 neared but weak EZ inflation expectations temper bulls EUIL5YF5Y=R
  • Consolidation above key short-term technicals likely until Fed risk passes
  • EUR/USD upside risks could emerge after the Fed meeting

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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