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Oct 17 - 08:55 PM

EUR/USD - Consolidation Around 1.1600 Continues

By John Noonan  —  Oct 17 - 07:05 PM
  • EUR/USD trading around 1.1600 after three straight closes at 1.1595/1.1600

  • Higher US yields cap while buoyant risk appetite underpins for now

  • Resistance is around 1.1625 where last week's high and 21-day MA converge

  • A break above 1,1640 would reignite upward momentum and suggest more upside

  • Support is at 10-day MA at 1.1575 and break would put pressure on downside

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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