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EUR/USD sees scope for 1.09 – FXStreet

FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees further upside potential for EUR/USD towards 1.09 levels if the pair manages to trade above 1.0845.

Key Quotes

“Technically, the 1 hour chart shows that the price stands above its 20 SMA whilst the technical indicators bounced from their mid-lines and maintain a bullish slope.”

“In the 4 hours chart the technical indicators hold above their mid-lines albeit lack directional strength, whilst the price stands well above its moving averages in the 1.0740/60 region. If the pair manages to hold above 1.0845, chances are of an advance towards the 1.0900 figure, whilst a break below 1.0800 exposes it to a continued decline towards the 1.0740/60 price zone.”

“Support levels: 1.0840 1.0800 1.0760”

“Resistance levels: 1.0900 1.0950 1.1000”

Actual oil production might be higher than reported in the EIA data – KBC

The KBC Bank Research Team comments on the mismatch between weekly crude inventory estimates from the EIA and the actual figures from Petroleum Supply Monthly report, warning that the actual oil production might be higher than reported.
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Treasuries weaker, US 10-yr yields mildly bearish – RBS

William O'Donnell, Head of US Treasury Strategy at RBS, comments on the US treasury market and further gives the key technical levels for 2s, 5s, 10s and 30s treasuries.
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