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Aug 21 - 09:55 PM

EUR/USD - Parity Beckons As EZ Inflation And Growth Concerns Weigh

By John Noonan  —  Aug 21 - 08:05 PM
  • EUR/USD fell 0.47% to 1.0040 Friday and is under light pressure early Asia

  • Record high German PPI sent Bund yields higher, but added to growth concerns nL1N2ZV0HP

  • EUR/USD edging below Friday's 1.0032 low with support at July 14 0.9952 low

  • It is trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at Friday's 1.0095 high with sellers at 1.0100

  • EUR/USD likely to remain under pressure ahead of Powell Jackson Hole speech

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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