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Jul 29 - 08:55 PM

EUR/USD - Rebound Targets 1.2000 - Strikes Likely Contain

By Andrew M Spencer  —  Jul 29 - 07:08 PM

  • Steady after closing up 0.35% on broad based risk on USD weakness

  • ECB focusing on medical data when declaring end to emergency nF9N2N6018

  • Charts; 5, 10 & 21 daily moving averages climb, 21 day Bolli bands expand

  • Positive setup targets a return to the 1.2000 200 daily moving average

  • 1.1894 rising upper 21 day Bollinger band capped in NY, today at 1.1900

  • 1.1850 early European low 1.1847 5 day moving average is initial support

  • 1.1865/75 1.342 BLN and 1.1900 1.225 BLN strikes likely contain in Asia

    For more click on FXBUZ


eur jul 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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