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Aug 27 - 11:00 PM
EUR/USD - 1.1027 And 1.1162 Key Levels - 1.1100 Strikes Cap
First appeared on eFXplus on Aug 27 - 09:20 PM
  • Little changed after closing -0.1%, capped by EUR/GBP selling
  • Optimism that a new Italian coalition will form nL5N25N1GY
  • Daily momentum studies, 5, 10 & 21 DMAs conflict - neutral setup
  • Charts show a well tested TL from June high - pivotal resistance at 1.1162
  • 1.1077, 76.4% Friday/Monday bounce supports and 1.1100 1.2BLN strikes cap
  • 1.1027 August trend low shapes up as initial significant support
  • Sustained break of either side should be directional

eur aug 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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