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Jul 29 - 09:55 PM

EUR/USD - Key Resistance Caps, But Signals Point Higher

By Andrew M Spencer  —  Jul 29 - 08:15 PM
  • -0.1% early after Wednesday's 0.65% rebound, as the uptrend resumes

  • Macron's popularity shoots up after EU recovery deal nL5N2F0961

  • Techs; daily momentum studies, 5, 10 and 21 daily and weekly MAs climb

  • Bullish trending setup would be undermined by a close below 1.1627 10 DMA

  • 1.1815-1.1822, capped - September 2018 high and 61.8% 2018-2020 fall

  • Sustained 1.1825 break opens the door to 1.2102, 76.4% 2018-20 fall

  • NY 1.1719-1.1807 range is initial support-resistance

For more click on FXBUZ


eur jul 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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