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Oct 24 - 08:55 PM

EUR/USD - Steadies Around US Close After Early Dip

By John Noonan  —  Oct 24 - 07:15 PM
  • EUR/USD dipped to 1.1626 in early trading but is now back to 1.1640/45

  • Pair rose 0.18% Friday after choppy trading in reaction to Powell comments nL1N2RI29M

  • Resistance at 1.1670 where double-top formed at the 38.2 of 1.1909/1.1522

  • Support is at the 10-day MA at 1.1612 and 21-day MA at 1.1606

  • If it doesn't break 1.1670 soon, it will likely drift back towards 1.1500

  • ECB meets this week and will likely stick to cautious/dovish message

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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