Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 08 - 12:12 AM
EUR/USD - Buyers Around 1,1900 But Tech Outlook Bearish
First appeared on eFXplus on May 07 - 08:50 PM
  • EUR/USD trading with bid tine in quiet Asian trading
  • Buyers tipped around 1.1900, but technical outlook remains bearish
  • Fundamentals negative for EUR/USD as well with sluggish EZ data
  • Next level of significant support not until 38.2 of 1.0340/1.2556 at 1.1710
  • Key resistance around 1.2020 where 200 & 10-day MAs converge
  • Break above 1.2025 would suggest downward momentum is waning

eur/usd Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!