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EURUSD posts 2-week highs as we wait on Draghi & Co

Euro underpinned on low ECB expectations today 8 Sept 2016

Two-week highs posted of 1.1279 and we're still tucked in just below.

Markets not looking for any action from the ECB and even if Draghi does speak in dovish/cautious tones as we expect then traders appear happy to buy dips.

That remains my preference too with EURGBP my main euro play still. Demand now around 0.8420 with larger interest at 0.8400 which now becomes pivotal having broken back through yesterday. Bigger lines still around 0.8330 which held on Tuesday.

Decent offers/res immediately into 0.8450 before further interest 0.8480-0.8500 which should help cap rallies for the moment.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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