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May 28 - 06:12 PM

EUR/USD - Opens Hire After Wild Ride In Wake Of EU Plan

By John Noonan  —  May 27 - 07:20 PM
  • EUR/USD opens 0.24% higher at the 200-day MA around 1.1010

  • It traded to 1.1031 after EU unveiled rescue plan nL8N2D91X6

  • EUR/USD then reversed down to 1.0955 when USD rose on US-China concerns

  • The strong, late rally on Wall Street pushed EUR/USD back above 1.1000

  • A break and close above 1.1035 will likely send EUR/USD above 1.1100

  • Support is found at 10-day MA at 1.0940 and 21-day MA at 1.0896










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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