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Jul 29 - 08:55 PM

EUR/USD - Regains Upward Momentum Ahead Of Key Resistance

By John Noonan  —  Jul 29 - 07:00 PM
  • The EUR/USD trend higher regained momentum as dovish Fed weighed on USD nL2N2F029Z

  • EUR/USD opens 0.64% higher after trading as high as 1.1808 at one stage

  • Key resistance at 61.8 of 1.2556/1.0636 move at 1.1822 now in focus

  • EUR/USD has made a higher daily low for 9 straight trading days

  • Yesterday's 1.1714 low is support and break would suggest weakening momentum

  • EUR/USD trend higher valid unless the 10-day MA (1.1627) gives way

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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