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Jul 22 - 02:55 AM

EUR/USD - Under Pressure As Focus Shifts Back To Fed

By Krishna K  —  Jul 22 - 01:45 AM
  • EUR/USD down 0.45% as Asia markets turn cautious on risk on weak Snap report

  • Snap shares plunge 25% as economy, fierce competition slow revenue growth

  • Inability of euro to hold gains after aggressive ECB rate hike bearish

  • Unchanged ECB terminal rate, Europe energy woes, Italy politics cap EUR rise

  • Attention shifts to Fed July 26-27 rate decision; 75 bps hike priced in

  • Support 1.0150-55,1.1010-15, resistance 1.0230-35, 1.0260-70

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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