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Oct 16 - 08:36 PM
EUR/USD - Key Resistance Held, But Shorts Feel The Strain
First appeared on eFXplus on Oct 16 - 07:10 PM
  • Flat after closing up 0.4% amid broad USD weakness and Brexit deal optimism

  • Brexit deal appears viable, UK parliament's response uncertain nL5N27144L

  • ECB will implement September stimulus package in full, Villeroy nF9N23X025

  • 1.1015-25 600M strikes support and 1.1090 1.1BLN cap in Asia without news

  • Charts - daily momentum studies, 5, 10 & 21 MAs climb - bullish setup

  • Bias confirmed by sustained 1.1082 break, 38.2% June/Sep fall, tested in NY

  • Close below the 1.0988 21 DMA needed to end the topside bias

eur oct 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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