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Aug 23 - 12:12 AM
EUR/USD - 1.1100 A Magnet, Bias Lower Into Jackson Hole And G7
First appeared on eFXplus on Aug 22 - 08:10 PM
  • Flat after a week of consolidation around 1.1100 - tight Asian range likely
  • Italian president gives Tuesday deadline to avoid snap election nL5N25I205
  • EU hopes to ease trade tension with U.S. at G7 summit nL5N25I57P
  • Negative charts - 5, 10 & 21 daily, weekly and monthly MAs track south
  • First supports at 1.1063, this week's low, then 1.1027 August trend base
  • Major resistance at the falling 1.1179 well tested TL from the June high
  • Combination of Jackson Hole and the G7 should spark a fresh levels next week

eur aug 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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