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Jul 19 - 08:55 PM

EUR/USD - Resilient As Risk Currencies Take The Heat

By John Noonan  —  Jul 19 - 07:04 PM
  • EUR/USD opens just a few pips lower after recovering from 1.1764

  • Heavy selling of risk on COVID fears putting pressure 0n risk currencies

  • USD, JPY, CHF and EUR attracting safe-haven flows as risk currencies sink nL1N2OV1T6nL1N2OV175nL1N2OV26W

  • EUR/USD resistance at 10-day MA at 1.1820 and 21-day MA at 1.1857

  • Support at yesterday's 1.1764 low and 2021 low at 1.1704

  • EUR/JPY flows out of Tokyo likely to dictate direction in Asia

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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