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Jun 21 - 08:55 PM

EUR/USD - Opens Modestly Higher As EUR/JPY Buying Underpinned

By John Noonan  —  Jun 21 - 07:05 PM
  • EUR/USD opens +0.24% after getting support from EUR/JPY buying nL1N2Y81C2

  • EUR/USD stalled ahead of key resistance with Europe high at 1.0582

  • The 21-day MA is at 1.0615 and the 61.8 of 1.0787/1.0359 is at 1.0623

  • A break above 1.0625 would suggest a bottom in place and more upside likely

  • Support is at the 10-day MA at 1.0502 and break would ease upward pressure

  • EUR/USD will likely range-trade ahead of Fed Chair Powell testimony nL1N2Y8184

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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