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Sep 22 - 08:55 PM

EUR/USD - Opens Lower After Fed Perceived As Hawkish

By John Noonan  —  Sep 22 - 06:48 PM
  • EUR/USD completed a bearish outside day after whippy reaction to FOMC nL1N2QO28G

  • It ended the day 0.32% lower and below previous buying support at 1.1700

  • The next level of support is found at the 2021 low at 1.1664

  • EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Only a break above the 10-day MA at 1.1756 would ease downward pressure

  • EUR/USD to remain pressured while Fed expectations remain hawkish

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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