- Janet Yellen’s hawkish 2015 rate hike speech overnight buoyed USD bulls, EUR/USD slumped from session highs around 1.1295 to 1.1159 levels
- The pair is still languishing below the 1.20 handle, unable to recover previous session’s post Yellen slump
- EUR/USD opened Friday at 1.1123 traded a 1.1160-1.1234 range in Asia, and is currently around 1.1170
- Markets now await German Bundesbank President Weidmann’s speech ahead of the crucial U.S. Q2 GDP data due later in the day for further direction
- Immediate resistance for the pair is seen at 1.1191 (200 DMA) ahead of 1.1282 (Daily Tenkan) and 1.1296 (Session high Sep 24)
- Supports on the downside are located at 1.1164 (Session low Sep 24) initially and then at 1.1142 (55 DMA)
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