- EUR/USD testing lows near 1.0968, extending losses versus the US dollar ahead of Europe open
- PBOC move spooked market sentiments boosting safe currencies such as US dollar across the board
- Euro edges lower despite underlying support on optimism towards Greece sealing a multi billion-euro bailout deal with its lenders
- 1.0982 (4h Tenkan-sen) offers resistance ahead of the crucial 1.10 handle, while supports on the downside are seen at 1.0959 (10-Day MA) and then at 1.0952 (21-Day MA)
- Markets focus on German ZEW and WPI data ahead of US data releases due later in the day for further momentum
R1: 1.0981 (Tenkan-Sen)
R2: 1.1012 (Kijun-Sen)
R3: 1.1041 (Session high August 10)
Support Levels:
S1: 1.0959 (10-Day MA)
S2: 1.0952 (21-Day MA)
S3: 1.0948 (Session low Aug 9)


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