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Derived real-time data in partnership with:
Thomson Reuters
May 06 - 09:48 PM
EUR/USD - 1.1200 A Magnet, But The April Low Beckons
First appeared on eFXplus on May 06 - 08:05 PM
  • Flat early and little changed yesterday, though volatile intraday
  • 1.1150 1.1BLN, 1.1165 321M, 1.1225-30 550M & 1.1260-70 800M strikes
  • EUR appears stable in the eye of the storm around US/China trade ussues
  • Neutral momentum studies, 5, 10 & 21 DMA's head lower - bearish setup
  • 1.1236 downtrend line from the 1.1448 March high is pivotal resistance
  • A test of the 1.1110 April low looks viable in coming sessions

eur may 7 Click here

Source:
Thomson Reuters IFR Markets

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