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Thomson Reuters
Apr 03 - 02:36 AM
EUR/USD - Bid With Risk And Strong Data As 1.1176/86 Holds
First appeared on eFXplus on Apr 02 - 10:05 PM
  • +0.2%, as AUD led the USD lower after strong retail sales nL3N21L09H
  • Risk on - FT sources - US/China trade talks close to agreement nFWN21K0QQ
  • Caixin China services PMIs climbed a strong from 51.1 to 54.4 nS7N1VL009
  • Positive markets, E-Mini S&P +0.5%, Nikkei +0.9%, 10yr UST +3bp to 2.506%
  • Neutral momentum studies, 5, 10 & 21 DMAs track south - negative setup
  • Targets a test of 1.1176/86, range base, 2019 low and 61.8% 2017/2018 rise
  • Earlier 1.1201 low and this week's 1.1250 high initial support/resistance

eur apr 3 Click here

Source:
Thomson Reuters IFR Markets

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