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Apr 26 - 08:55 PM

EUR/USD - Whippy Price Action After Failing Above 1.2100

By John Noonan  —  Apr 26 - 06:50 PM
  • EUR/USD was whippy in sessions following Asia - where it hit a 2-month high

  • Fresh longs made in Asia were squeezed out in London

  • Price action continued to whip around in NY as market positioned for FOMC nL1N2MJ1PR

  • Bids are tipped ahead of 1.2050 with 10-day MA at 1.2031 support on the day

  • Market talking about trend-line resistance that comes in at 1.2117 today

  • EUR/USD trending higher with 5. 10 & 21-day MAs in bullish alignment

  • EUR/USD will likely consolidate during the Asian session

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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