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EUR/USD Technical Analysis: Immediate target on the upside remains at 1.1300 and above

  • EUR/USD is extending the weekly upside and is now approaching the key barrier at 1.1300 the figure, regarded as the immediate target.
  • A surpass of this important hurdle should pave the way for a visit to the key 200-week SMA in the 1.1335/40 band.
  • However, as long as the pair remains below the +6-month resistance line, today at 1.1399, the resumption of the bearish mood stays well on the cards, with target at the 1.1180 region (2019 lows).

EUR/USD daily chart

 

 

US Dollar Index Technical Analysis: Upside in the greenback stays capped by the 10-day SMA just below 97.20

DXY daily chart Dollar Index Spot Overview Today last price 97.01 Today Daily Change 23 Today Daily Change % -0.19 Today daily open 97.19 Trends Daily
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Gold consolidates in a range just above $1290 level/weekly lows

• Renewed USD selling/weaker US bond yields lend some support on Friday. • A subdued action in equity markets does little to influence safe-haven dem
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