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Jun 30 - 08:55 PM

EUR/USD - Continues To Chop Within A Narrowing Range

By John Noonan  —  Jun 30 - 07:00 PM
  • The EUR/USD opens slightly lower after bouncing from 1.1191 low

  • Month-end rebalancing resulted in choppy trading and mixed USD performance nL1N2E71AV

  • EUR/USD range is narrowing with higher lows and lower highs

  • The price action is typical before a significant beak-out and fresh trend

  • A clear break above 1.1300 or below 1.1165 should see follow-through

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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