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Thomson Reuters
Jun 04 - 08:36 PM
EUR/USD - Maintains Upward Momentum After Dovish Fed-Speak
First appeared on eFXplus on Jun 04 - 06:45 PM
  • Fed Chair Powell comments interpreted as dovish nW1N22W006
  • Comments helped offset small bounce in US yields as risk assets recovered
  • EUR/USD tested 100-day MA at 1.1277 before pulling back
  • A close above 1.1280 targets double-top formed at 1.1324
  • Support at 55-day MA at 1.1218 and break would ease upward pressure
  • Focus may shift to Thursday's ECB meeting nL8N23B1ZD
  • Narrow range expected in Asia with focus on Tokyo EUR/JPY flows

eur/usd Click here

Thomson Reuters IFR Markets


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