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TDUX
Aug 27 - 01:55 PM

EUR/USD - Dips Contained, Warsh In Focus, Guidance Likely Light

By The views  —  Aug 27 - 12:42 PM

• EUR flat in NY trade, dips find support from 200-hour MAs at 1.1640-48

• Price action remains tepid and likely to stay that way until Fed Chair Warsh's JH speech on Friday

• With Warsh inclined to avoid forward guidance, directional cues may be limited

• Near-term playbook continues to lean towards consolidation than a trend

• Resistance sits at 1.1700-10, with additional hurdles at 1.1790-1.1800

• Aside from the 1.1640-48 MA cluster, deeper support lies at 1.1615-30
EURUSD hourly chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))

Source:
London Stock Exchange Group | Thomson Reuters

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