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Jul 21 - 08:55 PM

EUR/USD - Opens Modestly Higher As Risk Recovery Continues

By John Noonan  —  Jul 21 - 07:00 PM
  • EUR/USD opens 0.13% higher after recovering from 15-week low at 1.1752

  • Risk assets continued to recover leading to selling of safe-haven USD & JPY

  • EUR/USD resistance is at the 10-day MA at 1.1813 and break eases pressure

  • Buyers are tipped ahead of 1.1750 with support at 2021 low at 1.1704

  • EUR/USD likely to consolidate ahead of ECB decision later today

  • Market has likely priced in a dovish outcome after Lagarde comments nAPN120G01

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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