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Sep 16 - 11:00 PM
EUR/USD - Consolidation Around 1.1000 May Continue Until FOMC
First appeared on eFXplus on Sep 16 - 09:05 PM
  • EUR/USD settling around 1.1000 in a quiet start to the day

  • Bids between 1.0980/90 eyed while option strikes noted around 1.1000

  • Mix of stops and option strikes 1.0950/80 should keep price action sticky

  • Resistance at the 10-day MA at 1.1034 and 21-day MA at 1.1047

  • Strong support at double-bottom formed around 1.0825

  • Range trading between 1.0950/1.1050 likely ahead of Fed meeting tomorrow






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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