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Jun 16 - 07:55 PM

EUR/USD - Testing Key Support After Post-Fed Swoon

By John Noonan  —  Jun 16 - 05:57 PM
  • The EUR/USD opens 1.08% lower after hawkish Fed dot-plots surprised markets nL2N2NX1EJ

  • EUR/USD is precarious state as it edges below the 200-day MA at 1.1995

  • More support at the 50% of 1.1704/1.2266 at 1.1985, which is also May 5 low

  • Break below 1.1980 targets the 61.8 of that move at 1.1918

  • EUR/USD trending lower with the 5, 10 and 21-day MAs in bearish alignment

  • Resistance @ the 100-day MA @ 1.2039 and break would ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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