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Thomson Reuters
Jul 11 - 08:36 AM
EUR/USD Nears Key Techs Around 1.1690 As EUR/JPY Gets Sold
First appeared on eFXplus on Jul 11 - 05:55 AM
  • EUR/USD drops back to 1.1695 (EBS) as risk aversion spurs EUR/JPY selling
  • Any close below the daily cloud base at 1.1717 will encourage bears
  • The 200-HMA 1.1691 and 38.2% retrace Jun 28-Jul 9 rise @ 1.1690 are key
  • Breaks below expose 50/61.8% of same move @ 1.1659/1.1628
  • Euros appeal as safer asset may have been dampened by weak data, politics
  • But, logically EUR/JPY s/be rangebound on flip-flop between safer assets

EUR/USD hourly Click here

Source:
Thomson Reuters IFR Markets

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