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Thomson Reuters
Jun 06 - 11:00 PM
EUR/USD - Firmer In Early Asia, As Correction Gains Momentum
First appeared on eFXplus on Jun 06 - 08:45 PM
  • +0.1% this morning in Asia, extending yesterday's 0.5% ECB's Praet led gain
  • 1.1715-30 1.6BLN, 1.1750 (313M), 1.1800 300M & 1.1850-85 2BLN close strikes
  • Close above 1.1743 20 DMA ends downside bias - positive momentum studies
  • 5, 10 & 20 DMAs conflict - mixed signals suggest a period of consolidation
  • 1.1909, 38.2% of 2018 fall major resistance - close above would be bullish
  • NY 1.1761/1.1795 range is initial support/resistance

eur jun 7 Click here

Source:
Thomson Reuters IFR Markets

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