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Aug 10 - 03:55 AM

EUR/USD - FX Traders Having To Watch Longer-Term Charts

By Peter Stoneham  —  Aug 10 - 01:55 AM
  • A balanced market with a sideways bias

  • Weekly action mildly positive but also has bearish continuation risk

  • The 10-week MA could be a trigger point topside, currently 1.0310

  • We remain short from 1.0190 for 1.0005 with a 1.0300 stop

  • Tight range trade reflected in neutral daily momentum and RSI readings

  • Breakout points at 1.0097 and 1.0294, July 27 low and Aug 2 high

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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