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Jun 17 - 08:55 PM

EUR/USD - Longs Rush For The Exit, As Dust Settles On FOMC

By Andrew M Spencer  —  Jun 17 - 07:23 PM

  • Touch firmer after closing off 0.75% amid broad based USD short covering

  • Fed surprised market on Wednesday, long term EUR/USD positions being unwound

  • Charts; 21 day Bollinger bands expand, 5, 10 & 21 DMAs track south

  • Trending setup - 1.1959 lower 21 day Bollinger suggests oversold short term

  • Next significant support is 1.1837, 76.4% March-May rise

  • NY 1.1890-1.1951 range is initial support, resistance

  • Close strikes are 1.1900 686M and 1.1940/50 1.674BLN

    For more click on FXBUZ


eur jun 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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