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Aug 13 - 03:48 AM
EUR/USD - Drifts Lower As USD Better Bid Against Majors
First appeared on eFXplus on Aug 12 - 11:30 PM
  • EUR/USD traded up to 1.1219 in early Asia and has drifted lower since
  • S&P futures +0.20% & US 10-year yield up 1 BP to 1.65% to weigh on EUR/USD
  • Low so far has been 1.1182 and is settling around 1.1185 into the afternoon
  • Key support at 10-day MA at 1.1165 and break shifts pressure to the downside
  • Resistance at the 61.8 of the 1.1412/1.1027 move at 1.1267
  • German ZEW out later today, but focus will be in US-DE yield spreads

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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