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Aug 27 - 02:55 AM

EUR/USD - Cross Demand Supports, As Signals Remain Positive

By Andrew M Spencer  —  Aug 26 - 11:35 PM
  • +0.05% at the top of a tight 1.1159-1.1170 range, supported by EUR/JPY +0.3%

  • German final GDP and GfK consumer climate lead EZ data - little impact

  • U.S. consumer confidence may impact markets, which are sensitive post-Powell

  • Charts; neutral daily momentum studies, 21-day Bollinger bands climb

  • 5, 10 & 21-day & week moving averages climb - signals remain bullish

  • 1.1101 10-day moving average and last week's 1.1012 low are key supports

  • Targets major resistance at 1.1271, 0.618% of the 2021-2022 fall

  • 1.1150 1.397 BLN and 1.1170/75 594mln are the close strikes for August 27th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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