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Aug 11 - 08:36 PM
EUR/USD - Trade War Concerns Offset EUR-Negative Factors
First appeared on eFXplus on Aug 11 - 06:40 PM
  • EUR/USD resilient despite poor EZ data, bund yield fall and Italian politics
  • EUR/USD positive flows resulting from US-China trade war uncertainty
  • Support at 10-day MA at 1.1160 and break shifts pressure to the downside
  • Resistance at 61.8 of 1.1412/1.1027 move @ 1.1264 and break would be bullish
  • Extremely light flows in Asia today with Singapore and Tokyo on holiday

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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