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Thomson Reuters
Oct 09 - 08:36 PM
EUR/USD - Italy Resolute - 1.1500/10 Strikes A Likely Magnet
First appeared on eFXplus on Oct 09 - 06:45 PM
  • Slow start after closing flat - softer USD & EUR/GBP selling contained
  • Italian budget plans on track, despite EU & market response nL8N1WP61S
  • 1.1500-10 1.3BLN strikes a likely magnet in Asia if it's quiet
  • Momentum studies conflict - 5, 10 & 21 DMAs - net negative setup
  • Reversed off 1.1432 in NY - 1.1422, 76.4% Aug/Sep now pivotal support
  • Close above falling 1.1536 10 DMA would end downside bias

eur oct 10 Click here

Source:
Thomson Reuters IFR Markets

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