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Jul 01 - 02:36 AM
EUR/USD - Trades With Soft Tone As US Yields Rise/gold Falls
First appeared on eFXplus on Jun 30 - 11:20 PM
  • EUR/USD traded down to 1.1348 when US yields firmed and gold fell over 1%
  • The unwinding of safe-haven followed US-China trade war truce nL4N2400C0
  • EUR/USD traded in a 1.1348/71 range as trade truce largely priced in
  • Support @ 200-day MA @ 1.1340 and break would shift pressure to downside
  • Resistance at June 25 high at 1.1412 with sellers ahead of 1.1400
  • Focus to shift to central bank expectations as trade truce impact fades

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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