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Jul 07 - 01:55 AM

EUR/USD - Edges Above 1.0200 As Asian Markets Settle And Move Higher

By John Noonan  —  Jul 06 - 11:55 PM
  • EUR/USD opened -0.79% at 1.0183 after USD supported by rising US yields nL1N2YN1TX

  • After trading to 1.0176 the EUR/USD attained a bid tone late morning

  • Asian markets were upbeat with the AXJ index rising 0.85

  • EUR/USD traded to 1.0212 and is aro0und 1.0205 into the afternoon

  • EUR/USD is trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment

  • No support ahead of 76.4 fibo of all-time low/all-time high at 1.0071

  • Resistance @ yesterday's 1.0277 high & break targets former support @ 1.0340/60

  • Trend is lower and market is keenly focussed on targeting parity

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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