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Thomson Reuters
Aug 06 - 08:36 PM
EUR/USD - Consolidation Likely In Asia But Direction Is Clear
First appeared on eFXplus on Aug 06 - 06:20 PM
  • EUR/USD continues to trend lower and eventual test of 1.1500/10 on track
  • DE/US yields continue to widen in favour of USD and Italy concerns weigh
  • Bounce from Monday 1.1530 low will likely convince Asia to range-trade
  • Selling rallies to yesterday's high and former support at 1.1575 favoured
  • A break above descending 10-day MA at 1.1634 would relieve downward pressure

eur/usd Click here

Thomson Reuters IFR Markets


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