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Aug 09 - 08:55 PM

EUR/USD - Continues Slow Grind Towards 2021 Low

By John Noonan  —  Aug 09 - 07:23 PM
  • EUR/USD opens -0.22% after USD firmed on hot US data and hawkish Fed-speak nL1N2PG1MGnL1N2PG1GV

  • The close below 1.1750 targets the 2021 low made on March 31 at 1.1704

  • Resistance is at the 21-day MA at 1.1809 10-day MA at 1.1823

  • The 10-day MA needs to cross below the 21-day MA to reignite trend lower

  • Talk of decent buying ahead of 1.1700 should limit action in Asia

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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