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Aug 09 - 02:36 AM
EUR/USD - Consolidating Around 1.1200 As Factors Offset
First appeared on eFXplus on Aug 08 - 11:30 PM
  • EUR/USD opened 0.23% lower at 1.1180 and proceeded to edge higher
  • Huawei news raised US-China concerns and underpinned EUR/USD nFWN2541NH
  • EUR/USD traded to 1.1197 and was near high into the afternoon session
  • Weak EZ data and Italian political uncertainty capping rallies nL8N2545A5
  • US-China trade war, dovish Fed expectations, US intervention threat underpin
  • EUR/USD support at 10-day MA at 1.1154 and break would pressure downside
  • Resistance at 61.8 of 1.1412/1.1027 at 1.1264 and break would be bullish

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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