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Thomson Reuters
Apr 22 - 11:00 PM
EUR/USD - Softer Early - 1.1250/60 Strikes A Likely Magnet
First appeared on eFXplus on Apr 22 - 08:35 PM
  • 0.1% softer early, after yesterday's 0.1% gain - tight ranges look likely
  • Unpredictable Spanish election on April 28th a potential issue nL5N224373
  • 1.1195-1.120 1.3BLN & 1.1300 601M strikes contain, 1.1250-60 2.3BLN a magnet
  • Momentum studies flat line, 5, 10 & 21 DMAs conflict, little short term bias
  • Last week's 1.1226 low, then 1.1216, 76.4% April bounce initial support
  • 1.1263, 38.2% of the April dip, then 1.1269 21 DMA first resistance

eur apr 23 Click here

Source:
Thomson Reuters IFR Markets

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