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May 05 - 04:55 AM
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EUR/USD - Slides As US/Iran Wrestle For Control Of Gulf Waters
By Jeremy Boulton — May 05 - 02:45 AM
(Removes rogue characters)
• US and Iran wrestle for control of Gulf waters
• EUR/USD slides to test the 200-DMA at 1.1677
• Traders are betting over $5 billion on the euro rising
• Apr 30 low at 1.1655, May 1 high at 1.1785
• Crude oil rises to $114 pb which will weigh EUR/USD
•
EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters