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Oct 20 - 01:55 AM

EUR/USD - Edges Higher In Quiet Asian Session

By John Noonan  —  Oct 19 - 10:58 PM
  • EUR/USD opened 0.2% higher at 1.1632 after topping out at 1.1670

  • After trading at 1.1626 early Asia it moved up to 1.1647

  • Heading into the afternoon it is settling around 1.1635/40

  • Resistance is a the 38.2 of the 1.1909/1.1522 move at 1.1670

  • A break of 1.1675 targets 1.1715 where the 55-day MA & 50% retrace converge

  • Support is at the 21-day MA at 1.1616 and break would ease upward pressure

  • The EUR/USD needs to break 1.1675 or risk more sideways consolidation

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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