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Jul 01 - 08:55 PM

EUR/USD - Grimly Holding Above Fibo Support Ahead Of US Jobs

By John Noonan  —  Jul 01 - 06:46 PM
  • EUR/USD closed NY at 1.1850 and is under pressure in early Asia

  • It traded as low as 1.1837 in NY - just above Fibo support at 1.1836

  • The 76.4 of the 1.1704/1.2266 move is at 1.1836 and break targets 1.1704

  • EUR/USD trending lower with the 5, 10 and 21-day MA in bearish alignment

  • Technical picture will remain bearish while 10-day MA at 1.1902 holds

  • Biggest risk to EUR/USD bears would be a softer than expected US jobs report

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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