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Oct 29 - 02:55 AM

EUR/USD - Topside Targets For A Bigger EUR/USD Correction

By Jeremy Boulton  —  Oct 29 - 02:25 AM
  • EUR/USD rises to 1.1690 EBS in wake soft U.S. GDP data

  • Pair currently stretched on the upside, dip likely

  • Top 20-day Bollinger bands is 1.1682, centre bands 1.1605

  • Double top @ 1.1626 Oct 26/27 likely to support ahead bigger rise

  • 50% drop from Aug peak is 1.1715, 61.8 is 1.1761

  • Target for minimum correction of losses since June Fed meeting is 1.1756

  • EUR/USD likely to range close 1.15-1.18 until the end of 2021 nL1N2RG0IJ

  • Soft U.S. data will support positive FX trends nL1N2RO1KU





EURUSD Click here

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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