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Jul 28 - 08:55 PM

EUR/USD - Opens Above Key Resistance After Strong Close

By John Noonan  —  Jul 28 - 07:12 PM
  • EUR/USD lifted late NY after final verdict on FOMC was it was less hawkish nL1N2P41Q9

  • It closed above the 21-day MA - which is at 1.1820 today and is now support

  • The next level of resistance is at the July 12 high at 1.1884

  • EUR/USD no longer trending lower - as the 5-day MA crossed above the 10-day

  • Sideways consolidation likely before fresh factors dictate price action

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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