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Jul 05 - 09:55 PM

EUR/USD - Continues To Consolidate Between 1.1850/1.1900

By John Noonan  —  Jul 05 - 08:02 PM
  • EUR/USD opens little changed in Asia after a quiet holiday impacted session

  • Since the post-US payroll bounce, the EUR/USD has been in a narrow range

  • Buyers ahead of 1.1850 underpin while sellers between 1.1880/1.1900 cap

  • EUR/USD failed to gain too much traction from strong EZ PMI readings nL5N2OH1JP

  • Resistance is at the 10-day MA at 1.1891 and break would be bullish

  • Support around 1.1850 with beak targeting Friday's 1.1807 low

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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