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Oct 01 - 11:55 PM

EUR/USD - Slips As The USD Benefits From Safe-Haven Demand

By Andrew M Spencer  —  Oct 01 - 11:30 PM
  • -0.05% in a tight 1.1063-1.1073 range as Asia focussed on regional markets

  • This is not unusual when geopolitics lead markets - Middle East uncertainty

  • There is no tier one EZ data - US ADP non-farm employment change leads data

  • Charts - daily momentum studies head lower, neutral 21-day Bollinger bands

  • 5, 10 & 21-day moving averages coil - neutral setup despite this week's dip

  • Tuesday's 1.1143 high then last week's 1.1214 top are first resistance

  • Yesterday's 1.1046 base then the 1.1002 September low are initial supports

  • 1.1025 2.59BLN, 1.1050 788mln and 1.1100 2.02BLN close strikes for Oct 2nd

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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