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Oct 19 - 10:55 PM

EUR/USD - Key Resistance Capped, But Door Is Open To 1.1728

By Andrew M Spencer  —  Oct 19 - 08:35 PM

  • Steady after closing up 0.2% - stalling at 1.1669, 38.2% Sep-Oct fall

  • Germany must resist Russian 'blackmail' over pipeline - Greens nL1N2RF1UJ

  • Potential new German fin min - could signal a significant change in stance

  • Charts, 21 day Bolli bands contract, 5, 10 & 21 day moving averages conflict

  • Momentum studies climb - neutral setup suggests further choppy consolidation

  • Close above 1.1616 21 DMA targets 1.1728 upper 21 day Bolli, as in Aug-Sep

  • Tuesday's 1.1609 low and Europe's 1.1670 high initial support and resistance

  • 1.1600/15 1.022BLN and 1.1690/95 684MLN are Wednesday's close strikes

For more click on FXBUZ


eur Oct 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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