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Sep 18 - 01:55 AM

EUR/USD - Firmer As JPY Leads The USD Lower - Fed Pivotal

By Andrew M Spencer  —  Sep 17 - 11:35 PM
  • +0.1% in a 1.1113-1.1129 range with the U.S. dollar 0.1% lower

  • USD/JPY continues to lead the USD in Asia - EUR/JPY trades down 0.6%

  • There is no tier one EZ data so the focus will be on the Fed rate decision

  • Charts; daily momentum studies conflict, 21-day Bollinger bands flat-line

  • Mixed 5, 10 & 21-day moving averages - overall a modest positive bias

  • A close below 1.0996, 0.382% Jun/Aug rise would end the topside bias

  • The September 1.1155 top, then the 1.1201 August high are first resistance

  • 1.1100 909mln, 1.1110/15 1.062 BLN and 1.1125 1.399BLN close Sept 18 strikes

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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