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Jul 15 - 11:00 PM
EUR/USD - 1.1250 Strikes A Base, As Summer Markets Kick In
First appeared on eFXplus on Jul 15 - 08:50 PM
  • Touch firmer after opening off 0.1%, as summer markets get into full swing
  • 1.1215 380M, 1.1235-45 600M, 1.1250BLN and 1.1310 588M close strikes
  • EU executive vote - Von der Leyen tried to appease sceptics nL8N24G5KV
  • Charts have conflicting momentum studies, 5, 10 & 21 DMAs, neutral setup
  • Familiar territory, in the middle of the 1.1100/1.1400 April/July range
  • Perhaps, as liquidity fades in summer markets, we may see more volatility
  • NY 1.1252 low and London 1.1284 high initial support/resistance

eur jul 16 Click here

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