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Jun 21 - 08:55 PM

EUR/USD - Opens Higher As Friday's Fall Erased

By John Noonan  —  Jun 21 - 07:19 PM
  • The major moves seen Friday in most asset markets - reversed on Monday

  • Growing view that market over-reacted to Hawkish Fed late last week

  • EUR/USD recaptured all the ground lost Friday to close up 0.41%

  • EUR/USD still trending lower with 5, 10 & 21-day MA in bearish formation

  • Resistance is at the 200-day MA at 1.1996 and break eases downward pressure

  • Support is at the 76.4 of the 1.1705/1.2266 move at 1.1836

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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