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Aug 29 - 08:36 PM
EUR/USD - Slow Grind Lower Continues As Sentiment Weakens
First appeared on eFXplus on Aug 29 - 06:40 PM
  • Opens 0.18% lower on soft German inflation and easing trade war concerns
  • EUR also seen vulnerable on UK hard Brexit uncertainty
  • Option strikes absorbing much of the selling, but trend lower continues
  • EUR/USD targeting the 2019 low at 1.1027, as rallies attract sellers
  • Resistance at the 10-day MA at 1.1086 and close above would ease pressure

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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