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Thomson Reuters
Jun 06 - 12:12 PM
EUR/USD - New Heights Hit On Fading Dollar Bid
First appeared on eFXplus on Jun 06 - 10:05 AM
  • UST yields slip from high, DE-US spreads tighten, US$ gains erode
  • EUR/USD clears May 23 high and rally extends just short of 1.1800
  • Talk of potential 1.1800 option interest might be capping for now
  • Techs suggest higher, RSIs biased up and not o/b and new s-t high set
  • 1.1835/55 zone is next good resistance, stops likely above
  • If zone is cleared there's little to stop bulls until the 1.1950 area

chart: Click here

Source:
Thomson Reuters IFR Markets

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