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Jun 09 - 11:55 PM

EUR/USD - Subdued German Consumers, Large Strikes Contain

By Andrew Spencer  —  Jun 09 - 09:41 PM

• -0.05% in Asia after closing up 0.2% with the U.S. dollar down 0.2%

• German consumers' pessimism rises amid economic and political concerns - BCG

• The ECB rate cut pause could continue, unless economic data falls - Holzmann

• Charts - flat daily momentum studies, 5, 10 & 21-day moving averages rise

• 21-day Bollinger bands contract - daily charts retain a modest topside bias

• Friday's 1.1372 low then 1.1326 21-day moving average are initial supports

• Last week's 1.1495 high, and then 1.1505 upper 21-day Bolli first resistance

• 1.1400/10 2.214 BLN and 1.1425 1.317 BLN Jun 10 strikes a magnet in Asia
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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