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Derived real-time data in partnership with:
Thomson Reuters
May 09 - 09:48 PM
EUR/USD - Italian Politics Add Downward Pressure, Strikes Cap
First appeared on eFXplus on May 09 - 07:25 PM
  • Little changed pre Tokyo after closing -0.1% with a 7th lower daily high
  • Prospect of an anti system Italian government weighs nL8N1SG5J8
  • Neutral momentum studies, 5, 10 & 20 DMAs trend south - bearish setup
  • Next target is 1.1789, 76.4% Nov/Feb rise, then 1.1709, 38.2% 2016/16 rise
  • Close above 1.1959 falling 10 DMA needed to undermine downside bias
  • London 1.1823 low supports - 1.1900 2.4BLN strikes resistance

eur may 10 Click here

Source:
Thomson Reuters IFR Markets

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