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Oct 12 - 09:55 PM

EUR/USD - Firmer With Resilient Asian Markets - U.S. CPI Key

By Andrew M Spencer  —  Oct 12 - 08:36 PM

  • +0.05% early as the safe-haven USD eases on resilient Asian stocks

  • Global inflation, growth fears are fuel safe haven USD strength nL1N2R8103

  • Wednesday's U.S. inflation data key for UST yields and likely the USD

  • Charts - 21 day Bolli bands, 5, 10 & 21 day and week moving averages fall

  • Momentum studies slip - bearish signals in play while 1.1569 10 DMA caps

  • Negative trending setup targets a test of 1.1492, 50% 2020-21 rise

  • 1.1500 289M, 1.1515 444M and 1.1550-60 705M are Wednesday's close strikes

  • 1.1522 NY low and 1.1569 10 DMA are initial support resistance

    For more click on FXBUZ


eur Oct 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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