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Jul 17 - 03:48 AM
EUR/USD - Pivots Around 1.1210 In Quiet Asia
First appeared on eFXplus on Jul 16 - 11:25 PM
  • EUR/USD could only manage a 1.1207/15 range through the Asian morning
  • Sentiment is mildly bearish, but lower end of recent range deterring sellers
  • market still fully pricing in Fed cut, so EUR/USD may find support near lows
  • Support @ June 18 trend low & 76.4 retracement of 1.1005/1.1412 @ 1.1177
  • A break below 1.1175 targets a full retracement toward 1.1100
  • Resistance at 1.1239 where the 10 & 55-day MAs converge

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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