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Aug 05 - 01:55 AM

EUR/USD - Pinned Down By Option Related Orders On Both Sides

By John Noonan  —  Aug 04 - 11:37 PM
  • EUR/USD opened 0.23% lower after completing a bearish outside day

  • It grinded within a narrow 1.1832/39 range in quiet Asian trading

  • Option related buyers ahead of 1.1825 and sellers 1.1845 helped contains

  • Support is at the 21-day MA at 1.1826 and break opens up base at 1.1750/60

  • Resistance formed 1.1900/10 where sellers are tipped

  • EUR/USD may move sideways ahead of the key US payrolls on Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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