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Thomson Reuters
Jul 11 - 09:48 PM
EUR/USD - 1.1675/85 Strikes Likely Magnet; Crosses May Lead
First appeared on eFXplus on Jul 11 - 08:00 PM
  • Fraction firmer, focus on Tokyo for EUR/JPY flows amid surprise JPY weakness
  • 1.1675-85 1.3BLN strikes a potential magnet in Asia without news
  • Momentum studies, 5, 10 & 21 day MAs conflict - neutral setup
  • Mondays failure at 1.1772, 76.4% June fall makes this pivotal resistance
  • 1.1666 NY low then 1.1649/50 21 DMA & 50% June/July bounce initial support
  • 1.1690-1.1705 1.2BLN strikes likely cap intraday

eur jul 12 Click here

Source:
Thomson Reuters IFR Markets

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