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Aug 31 - 09:55 PM

EUR/USD - Opens Slightly Higher After Giving Back Most Of Gain

By John Noonan  —  Aug 31 - 07:37 PM
  • EUR/USD opens +0.09% at 1.1807 after trading as high as 1.1845 in Europe

  • Early gains tied to hot EZ inflation and hawkish ECB comments nL1N2Q20QHnS8N2MM038

  • Market not ready to break out, as key US non-farm payrolls loom

  • EUR/USD broke, but failed to close above the 55-day MA at 1.1817

  • A close above 1.1820 targets the 38.2 of 1.2266/1.1664 at 1.1894

  • Key support come in at 1.1760 where the 10 & 21-day MAs converge

  • A break below 1.176 eases upward pressure for now

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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