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Thomson Reuters
May 29 - 08:36 PM
EUR/USD - Opens Lower As EZ And Global Trade Concerns Weigh
First appeared on eFXplus on May 29 - 06:40 PM
  • EUR/USD opens -0.27% after weak German jobs combined with trade war concerns
  • Support at double-bottom 1.1105/10 with option strikes at 1.1100
  • EUR/USD needs to close above 10-day MA (1.1163) to ease downward pressure
  • Risk sentiment improved late in US session and may spur some EUR/JPY buying
  • EUR/USD likely to remain in narrow range in Asia barring unexpected news

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Thomson Reuters IFR Markets


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