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Derived real-time data in partnership with:
Thomson Reuters
Apr 11 - 11:00 PM
EUR/USD - Bid At The Tokyo Fix - Likely Short Lived
First appeared on eFXplus on Apr 11 - 09:05 PM
  • +0.3% in Asia, as JPY cross demand for the Tokyo fix dominates
  • EUR/JPY +0.4%, AUD/JPY +0.2% - unusual moves - may be short lived
  • Momentum studies climb, bullish 5 & 10 DMAs cross - modest positive setup
  • 1.1284, 38.2% of the March/April fall has capped on the close this week
  • Sustained break would target a test of 1.1347, 61.8% March/April fall
  • 1.1250 NY close and Asia's 1.1292 high initial support/resistance

eur apr 12 Click here

Source:
Thomson Reuters IFR Markets

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