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BBDXY Rolls Over With EUR Firming

FOREX
  • BBDXY has rolled over in the past 30 minutes, led by somewhat idiosyncratic EUR strength with EURUSD of 1.0636 back in the middle of the day’s range and moving nearer to the earlier high of 1.0659.
  • The technical outlook for EURUSD is seen as bullish, with resistance at 1.0736 (2.382 proj of Sep 28 – Oct 4 – 13 price swing).
  • Latest headlines include ECB’s Stournaras saying a deposit rate could reach 3% in March (crude pricing off WIRP currently sits at 2.82%). US data hits in 15 minutes.

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