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Sep 10 - 01:55 AM

EUR/USD - Drifts Higher Ahead Of ECB Meeting

By John Noonan  —  Sep 09 - 11:35 PM
  • EUR/USD opened 0.26% higher at 1.1806 after risk assets recovered

  • After dipping to 1.1795, the EUR/USD drifted higher the rest of the session

  • Heading into the afternoon it was trading at the session high at 1.1824

  • Resistance is at 1.1845/50 where the 10 and 21-day MAs converge

  • Support has formed at 1.1750/55 where there is a double-bottom

  • Market awaits ECB decision and statement - as the key event this week

  • Report ECB to give upbeat outlook undercuts dovish expectations [ Click here ]

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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