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Jun 21 - 07:55 PM

EUR/USD - Settles Around 1.1185 After Early Spike Higher

By John Noonan  —  Jun 21 - 05:55 PM
  • EUR/USD gapped to 1.1198 at the open after closing Friday at 1.1178

  • Reason for move not clear, but it appears it was a EUR/AUD buying flow

  • EUR/USD resistance at 21-day MA at 1.1200 after it closed below on Friday

  • It was first daily close below 21-day MA since June 15

  • EUR/USD vulnerable as second-wave virus concerns support USD and JPY nL8N2DY0I7

  • Support at 38.2 of the 1.0766/1.1422 move at 1.1171

  • Resistance at 10-day MA at 1.1266 with sellers tipped ahead of 1.1250










Source:
Refinitiv IFR Research/Market Commentary

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