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Jun 15 - 10:55 PM

EUR/USD - Charts Weigh, As Strikes Contain Into The FOMC

By Andrew M Spencer  —  Jun 15 - 09:02 PM

  • Flat after closing a touch firmer with markets cautious into the FOMC

  • EU's new pandemic recovery bonds received a warm market welcome nL5N2NX1GW

  • 1.2115/20 1.175BLN and 427M 1.2130 and 260M 1.2145/55 close strikes contain

  • Charts; 21 day Bollinger bands 5, 10 & 21 DMAs edge lower - negative bias

  • Close below 1.2053, 38.2% March-May rise would confirm the bearish setup

  • NY 1.2102 low and early European 1.2147 high are initial support, resistance

  • Tight ranges into FOMC - likely more interesting than shocking nL2N2NW0Z4

For more click on FXBUZ


eur jun 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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