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Oct 08 - 01:55 AM

EUR/USD - Capped As Buoyant US Data And Safe-Haven Flows Weigh

By Andrew M Spencer  —  Oct 07 - 11:25 PM
  • +0.05% in a tight 1.0973-1.0986 range, with Asia led by China volatility

  • German IP and German Bundesbank President Nagel's speech lead EZ event risk

  • Resilient US economic data and Middle East led safe-haven flows cap EUR/USD

  • Charts - daily momentum studies head lower, 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages crest/fall, a negative trending setup

  • Friday's 1.1039 high, then Wednesday's 1.1082 top are the first resistance

  • The 1.0951 low Friday then 1.0940, 0.50% Jun/Sep rise are the first supports

  • 1.0950 648 mln, 1.0975 510 mln and 1.1000 1.388BLN close strikes for Oct 8th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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