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Sep 26 - 02:36 AM
EUR/USD - Gently Bid On Approach To Key Support
First appeared on eFXplus on Sep 25 - 11:20 PM
  • EUR/USD traded with a firm tone during a quiet Asian session

  • Pair opened 1.0942 and traded in a 1.0941/63 range through the morning

  • Heading into the afternoon it is trading at the session high

  • Market hesitant to sell ahead of key support at double-bottom around 1.0925

  • Trend is lower, but selling into weakness hasn't been rewarding

  • Resistance at 1.1015/20 where the 10 & 21-day MAs converge

  • Selling ahead of that resistance the favoured strategy






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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