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Sep 06 - 10:55 PM

EUR/USD - Positive Setup - 1.0909 Double Top Looks Vulnerable

By Andrew M Spencer  —  Sep 06 - 09:14 PM

  • +0.1% in Asia, with the USD a little softer, looking for another 1.0909 test

  • EU-UK step back from a trade war over Northern Ireland protocol nS8N2M901R

  • Ball kicked down the road on Northern Ireland - key differences remain

  • Charts; momentum studies conflict, 5, 10 & 21 day moving averages head north

  • 21 day Bollinger bands expand - positive setup suggests further gains

  • 1.1909 July high capped Friday - now a double top and first resistance

  • Asian 1.1871 low then Monday's 1.1856 base are initial support

  • 1.1840-50 829 mln and 1.1900 466 mln are today's close strikes

    For more click on FXBUZ


eur Sep 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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