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Thomson Reuters
Apr 15 - 05:00 AM
EUR/USD - COMMENT-EUR/USD Perky But Bulls Facing A Big Hurdle
First appeared on eFXplus on Apr 15 - 03:05 AM
  • Friday's EUR/JPY buying underpins EUR/USD and more support from cross likely
  • Bullish techs suggest EUR/JPY has scope for 200-DMA 127.67, 1% above current
  • EUR/USD less clear. Mid-range. Low vols suggest little chance sustained move
  • Immediate resistance @ 55-DMA @ 1.1315 and daily cloud base 1.1308
  • Close over will certainly encourage short-covering, target 100-DMA 1.1348
  • 100-DMA centre 1.12-1.15 range. Cloud top 1.1373. Given vols, hard to break

EUR/JPY Click here

EUR/USD Click here

Source:
Thomson Reuters IFR Markets

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