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Sep 16 - 01:55 AM

EUR/USD - Supported By The Weaker USD In A Holiday Hit Asia

By Andrew M Spencer  —  Sep 15 - 11:40 PM
  • Up 0.15% in a 1.1076-1.1092 range with the U.S. dollar off 0.15%

  • Holidays in Asia led by Japan and China resulted in low-key trading

  • EU to vote on Eurozone/China trade talks in October - China makes progress

  • Charts; daily momentum studies conflict, 21-day Bollinger bands contract

  • 5, 10 & 21-day moving averages edge higher - signals remain neutral

  • A close below 1.0996, 0.382% Jun/Aug rise would be a bearish signal

  • Friday's 1.1102 high then the September 1.1155 top are first resistance

  • 1.1115/25 1.509 BLN, 1.1145/50 3.697 BLN close major strikes for Sept 16th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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