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Sep 11 - 07:55 AM

EUR/USD - Two Reasons Why EUR/USD Traders May Buy

By Jeremy Boulton  —  Sep 11 - 05:35 AM
  • EUR/USD approaching base 20-day Bollingers - 1.0975 and rising

  • The overbought situation which curbed Aug rally alleviated

  • The 100-DMA just crossed above 200-DMA - Golden Cross

  • Target for resumption of the EUR/USD rally is 1.1549

  • Interim targets: 1.1219, 1.1282, 1.1345 and 1.1435

  • EUR/USD may resume its rise after next Fed meeting nL8N3KS086

  • Oil's plunge will support EUR/USD nL1N3KT093

Source:
Refinitiv IFR Research/Market Commentary

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