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Sep 28 - 01:55 AM

EUR/USD - Tight Range As Support Around 1.1685 Continues To Hold

By John Noonan  —  Sep 27 - 11:48 PM
  • EUR/USD opened -0.20 at 1.1695 after higher US yields weighed

  • It eased to 1.1685 in early Asia before bids at that level held

  • Heading into the afternoon it is trading 1.1690/95 after a 1.1685/96 range

  • The EUR/USD has traded down to 1.1680/85 for the last four out of five days

  • More support is at the 2021 low at 1.1664

  • Resistance is at the 10-day MA at 1.1729 and break eases downward pressure

  • More resistance at 1.1784 where the 21 & 55-day MAs converge

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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