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Jul 23 - 09:55 PM

EUR/USD - 1.1800 Beckons, Unless The USD Shows Resilience

By Andrew M Spencer  —  Jul 23 - 08:35 PM
  • Flat after closing up 0.25%, extending it's rise since the stimulus package

  • EU parliament looking to tweak the package - implementation key nL5N2EU2ZP

  • Techs; daily momentum studies, 5, 10 and 21 daily and weekly MAs all climb

  • Bullish trending setup would be undermined by a close below 1.1470 10 DMA

  • Blue sky until 1.1815-1.1822, September 2018 high and 61.8% 2018-2020 fall

  • 1.1606 upper 21 day Bolli band suggests market is short term overbought

  • NY 1.1540-1.1627 range is initial support-resistance

  • 1.1500 865M, 1.1525 380M, and 1.1600 317M close strikes

    For more click on FXBUZ

eur jul 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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