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Aug 03 - 01:55 AM

EUR/USD - Back To Friday's Closing Level After Early Dip

By John Noonan  —  Aug 03 - 12:05 AM
  • EUR/USD opened 1.1790 after closing Friday down 0.6% at 1.1776

  • After trading at 1.1796 it fell to 1.1741 when USD/JPY soared to 106.44

  • USD/JPY gave back all its gains and the EUR/USD settled around 1.1775

  • The move t0 1.1741 ended an 11-day streak of higher daily lows

  • EUR/USD likely to get support from uncertainty over US aid deal nL2N2F20KE

  • US economic uncertainty due to coronavirus also underpins EUR/USD sentiment nL1N2F408M

  • Support at 10-day MA at 1.1700 and close below may result in more downside

  • Sellers tipped at 1.1800 and break above shifts pressure back to upside

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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