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Aug 28 - 08:55 PM

EUR/USD - Uptrend Stalled Above Key Support - USD Leads

By Andrew M Spencer  —  Aug 28 - 07:45 PM
  • Steady after closing down 0.58% with the U.S. dollar up 0.5%

  • Strong month-end USD demand after a volatile August capped EUR/USD

  • German inflation leads EZ data risk then GDP and weekly jobs in the US

  • Charts; daily momentum studies crest, 21-day Bollinger bands rise

  • 5, 10 & 21-day & week moving averages climb - signals remain bullish

  • 1.1128 10-day moving average and Thursday's 1.1098 low are key supports

  • A close below 1.1098 would target the pivotal 1.1025 21-day moving average

  • 1.1100 618mln and 1.1150/60 888mln are the close strikes for August 29th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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