Tag: grasps
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EUR/USD Grasps for Support – Has the Euro Topped?
[ad_1] EUR/USD, Euro Talking Points: Last week produced a strong breakout in EUR/USD but that move has so far stalled this week, with a major level coming into play at 1.0350. The Euro is 57.6% of DXY so for USD-strength scenarios, EUR/USD weakness will likely be a needed component. So, if EUR/USD has set a…
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Gold Grasps for 1700 Following Five-Week-Plunge
[ad_1] Gold Talking Points: After spending late-May and early-June in consolidation, Gold prices have plunged to fresh 11-month-lows during the current five-week sell-off. Gold prices ran into the psychological level of 1700 last week but it’s the support a little lower, around 1673-1680, that looms large on the matter. A test below that zone leads…