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Thomson Reuters
Feb 07 - 08:36 PM
EUR/USD - Soft Data And Risk Off Brings 2019 Low Into Play
First appeared on eFXplus on Feb 07 - 06:20 PM
  • Shade firmer, after closing -0.2% for a fifth lower daily high and low
  • Stream of weak EU data undermines, but ECB's Coeure an optimist nF9N1XJ013
  • Modest Brexit optimism from the UK side, as EU talks resume nL9N1X9021
  • Momentum studies ease, 5, 10 & 21 DMAs head lower - bearish setup
  • Targets a test of significant support at 1.1289, the 2019 low in January
  • London 1.1323 low and 1.1380 500M strikes are initial support/resistance

eur feb 8 Click here

Source:
Thomson Reuters IFR Markets

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