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Aug 03 - 08:55 PM

EUR/USD - Opens In Familiar Territory As Consolidation Continues

By John Noonan  —  Aug 03 - 07:07 PM
  • EUR/USD opens Asia within a few pips of 1.1865 for third straight day

  • Market waiting for fresh catalyst with Friday's US payrolls looming

  • EUR/USD buyers ahead of 1.1850 underpin while sellers 1.1900/10 cap

  • Option expiries between 1.1850/1.1900 also helping to contain price action

  • EUR/USD trending higher with 5, 10 & 21-day MAs in bullish alignment

  • A break below the 10-day MA at 1.1836 would put trend in doubt

  • A break above 1.1910 targets a 38.2 fibo at 1.1948

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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