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Sep 19 - 02:55 AM

EUR/USD - Eases Below 1.0000 After Early Rally Loses Steam

By John Noonan  —  Sep 18 - 11:55 PM
  • EUR/USD traded up to 1.0029 early Asia after closing Friday +0.21% at 1.0015

  • Rally fizzled as equity markets slipped lower after a positive start nL4N30Q01E

  • E-minis went from +0.20% to -0.20% and AXJ index eased around 0.50%

  • EUR/USD slipped to 0.9994 and is near here into the afternoon

  • It has consolidated either side of parity since post-US CPI fall on Tuesday

  • Buyers are tipped between 0.9945/55 while sellers are ahead of 1.0050

  • A close below the 21-day MA (0.9987) would increase downward pressure

  • Consolidation may continue ahead of key Fed decision on Wednesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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