eFXdata | EUR/USD - Stalls At 100-DMA; Oil Drag Offset By Short Covering

By Jeremy Boulton — Aug 13 - 02:26 AM

• EUR/USD repeatedly failing to sustain rises above 100-DMA at 1.1567

• Higher oil weighing while covering spec shorts provides support

• On Thursday pair rose to 1.1566 after US CPI but closed 1.1525

• Potential buy signal should 21-DMA 1.1473 rise over 55-DMA 1.1479

• Break outside daily Ichimoku cloud 1.1451-1.1561 needed to excite

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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