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Thomson Reuters
May 14 - 12:12 PM
EUR/USD - ECB Chat Lifts EUR/USD Closer To The Key 200-DMA
First appeared on eFXplus on May 14 - 05:55 AM
  • EUR/USD inching higher towards 1.2000 level after hawkish ECB spin
  • ECB's Villeroy said end QE near after which ECB will give guidance on hikes
  • Magnetic pull of EUR 563 mln 1.2000 expiries likely strong in the near-term
  • 200-DMA at 1.2020 is key for EUR/USD. Little change net EUR longs IMM/FX
  • Close over suggests recent correction is over, uptrend to resume
  • After 1.1823 scare last week EUR longs may initially look to exit near 1.20

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