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21 Jun 2019

EUR/USD Technical Analysis: Extra gains face initial hurdle at the resistance line at 1.1328 ahead of the 200-week SMA

  • The pair is prolonging the rebound from the 1.1180 region seen earlier in the week.
  • Further upside remains on the cards and faces the initial target at the multi-month resistance line near 1.1330. Once this area is cleared, recent tops in the mid-1.1300s and the key 200-week SMA should re-emerge on the horizon.
  • Further up aligns the critical 200-day SMA at 1.1351, considered the last defence for a test of March peaks in the mid-1.1400s.

EUR/USD daily chart

 

Jun 21, 2019

EUR/USD sticks to modest gains near 1.1300 mark, lacks follow-through

The EUR/USD pair held on to its mildly positive tone near weekly tops, albeit seemed struggling to extend the momentum further beyond the 1.1300 handl
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Jun 21, 2019

United Kingdom Public Sector Net Borrowing registered at £4.463B, below expectations (£5.1B) in May

United Kingdom Public Sector Net Borrowing registered at £4.463B, below expectations (£5.1B) in May
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