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Thomson Reuters
Jun 29 - 05:00 AM
EUR/USD - Another Surge Likely Above Converged Averages
First appeared on eFXplus on Jun 29 - 03:20 AM
  • Support from 30DMA lower Bolli continues to act as a spring board
  • Thursday's modest bounce led into a stronger Friday rebound
  • Race through the 10DMA, 1.1653, and run to 1.1667
  • Breach of converged 21 and 30DMAs, 1.1674, to open bullish flood-gates
  • Dailies now constructive and arguing a buy on dips strategy
  • Weeklies still have heavy cloud cover at 1.1776 to stall if not cap

EUR/USD Trader:

EUR/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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