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Refinitiv
Jun 16 - 08:36 PM
EUR/USD - 1.1200 Strikes And Fibonacci Support Form A Base
First appeared on eFXplus on Jun 16 - 06:40 PM
  • Flat after opening 0.6% lower on broad US data led strength
  • Nowotny looks for flexibility on the ECB inflation target nL8N23N06J
  • De Guidos, ECB will only act if inflation expectations change nL8N23M0P6
  • 1.1200 1BLN, 1.1215-25 640M, 1.1250 411M and 1.1260-65 500M close strikes
  • Dip leaves negative momentum studies, 5, 10 & 21 DMAs conflict
  • Neutral setup, close below 1.1198, 61.8% March/May fall would be bearish
  • NY 1.1203/1.1270 range is initial support/resistance

eur jun 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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