EUR/USD, EUR/GBP range trade while EUR/JPY hits August 1992 high
EUR/USD, EUR/GBP range trade while EUR/JPY hits August 1992 high as Fed Chair Powell reinforces cautious approach to rate cuts.
EUR/USD sidelined
EUR/USD still targets the $1.0852 mid-June high and should do so as long as the 200-day simple moving average (SMA) at $1.0800 underpins.
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EUR/JPY hits August 1992 peak
EUR/JPY has reached its ¥174.74 August 1992 peak, above which lies a 161.8% Fibonacci extension at ¥175.99.
Minor support lies at the 8 July ¥173.51 low with further potential support to be found at the 24 June high at ¥171.44.
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