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Aug 28 - 11:00 PM
EUR/USD - Bid At Familiar Levels, Primary Trend Still Down
First appeared on eFXplus on Aug 28 - 09:25 PM
  • +0.1% with USD a touch softer - familiar levels - tight Asian range likely
  • Brexit not Trump appears to be the drag on German exports nL5N25O26B
  • Italy edges towards a new coalition government led by Conte nL5N25O1JZ
  • Daily momentum studies, 5, 10 & 21 DMAs flat line - no short term bias
  • Charts show a well tested TL from June high - pivotal resistance at 1.1157
  • 1.1027 August trend low shapes up as initial significant support
  • Sustained break of either side likely directional - 1.1115-30 550M strikes

eur aug 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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