Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 11 - 09:55 PM

EUR/USD - Positive Setup With Strikes A Modest Head Wind

By Andrew M Spencer  —  May 11 - 08:02 PM

  • Steady after closing +0.15% - USD downtrend impervious to soft stocks

  • UK warns on sustainability of post-Brexit N.Ireland trade rules nL8N2MY78C

  • From an EU perspective, UK signed Brexit deal but refuse to fully implement

  • Charts; 1.2181 upper 21 day Bolli caps, good indicator market overbought

  • Momentum studies, 5, 10 & 21 DMAs, and 21 day Bolli bands are climbing

  • Positive setup targets a test of 1.2196, 76.4% of the 2021 fall

  • 1.2165-75 510M strikes then 1.2181 NY high and 1.2190-00 863M resistance

  • 1.2123 early European low is initial support


    For more click on FXBUZ


eur may 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!