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Thomson Reuters
Oct 11 - 09:48 PM
EUR/USD - Shorts Squeezed, But Italy May Cap Next Week
First appeared on eFXplus on Oct 11 - 07:45 PM
  • Tight early range after closing +0.7%, as USD longs continue to exit
  • Italian budget issue may cap next week nL8N1WR5ZJ & nL8N1WR65P
  • USD longs continue to exit - spooked by falling Wall Street
  • Fresh bullish cross of 5 & 10 DMAs - momentum studies head higher
  • Close above 1.1578, 38.2% Sep/Oct fall suggests further gains are viable
  • Next stop 1.1619/24, 21 DMA & 50% Sep/Oct fall - 1.1546 NY low supports

eur oct 12 Click here

Source:
Thomson Reuters IFR Markets

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