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Derived real-time data in partnership with:
Thomson Reuters
Oct 11 - 02:36 AM
EUR/USD - Pivotal Resistance In View, As USD & Markets Slide
First appeared on eFXplus on Oct 10 - 10:30 PM
  • +0.4%, which is a big move in Asia, as stocks slump, weighing on the USD
  • E-mini S&P -0.8%, Nikkei -3.8%, SSEC -2.8%, 10yr UST yield -1bp to 3.155%
  • Market is heavily long USD, according to CFTC data & vulnerable
  • Neutral setup below pivotal 1.1578 resistance, 38.2% September/October fall
  • Close above 1.1580 would be bullish - likely forcing more shorts to exit
  • Next stop 1.1600/20 strikes, then 1.1621/24 21 DMA & 50% Sep/Oct fall

eur2 oct 11 Click here

Source:
Thomson Reuters IFR Markets

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