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Sep 06 - 08:55 PM

EUR/USD - Consolidatiing Below Resistance Awaiting Fresh Catalyst

By John Noonan  —  Sep 06 - 06:38 PM
  • EUR/USD opens slightly lower after holiday affected start to the week

  • It traded down to 1.1856 in London before bids ahead of 1.1850 underpinned

  • Monday ended a 10-day sequence of higher daily highs

  • Resistance is at a double-top formed at 1.1909

  • Failure to break 1.1910 and break of 1.1850 would suggest waning momentum

  • Support is at the 10-day MA at 1.1826 and break would suggest top in place

  • A break above 1.1910 targets the 100-day MA at 1.1949

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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