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Thomson Reuters
May 31 - 09:48 PM
EUR/USD - 1.1700 Strikes Likely A Magnet In Asia
First appeared on eFXplus on May 31 - 08:00 PM
  • +0.1% as Asia opens - closed +0.3% - Italy has a coalition nL5N1T2334
  • New Italian government - plenty of issues to be solved nL5N1T271W
  • 1.1625 1.4BLN, 1.1700 4.6BLN strikes a magnet, 1.1725 700M, 1.1750 1BLN
  • Positive momentum studies, 5 DMA bases, trades above 1.1685 10 DMA
  • Setup suggest downtrend in a consolidation phase - 1.1774 20 DMA pivotal
  • NY 1.1641 low & London 1.1725 high initial support/resistance

eur jun 1 Click here

Source:
Thomson Reuters IFR Markets

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