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Jun 24 - 01:55 AM

EUR/USD - Edges Higher In Calm Asian Markets

By John Noonan  —  Jun 23 - 11:40 PM
  • EUR/USD opened -0.44% at 1.0522 after weak EZ PMI weighed nL1N2YA1RX

  • Asian markets were calm with commodities steady and equities higher nL1N2YB02K

  • EUR/USD traded in a 1.0512/37 range and is 1.0530 into the afternoon

  • EUR/USD support at 1.0470 where it bottomed Monday and Wednesday

  • A break below 1.0460 likely sees another test below 1.0400

  • Resistance is at the 21-day MA at 1.0599 and break would suggest bottom is forming

  • German IFO is out during Euorpean session and may influence price action

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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