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Derived real-time data in partnership with:
Thomson Reuters
May 16 - 09:48 PM
EUR/USD - Negative Setup, But 1.1175 Strikes A Magnet
First appeared on eFXplus on May 16 - 07:30 PM
  • Flat after closing -0.3% amid broad USD strength and higher UST yields
  • Italian finances on the radar, now joined by Greek spending nL5N22S754
  • EZ budget, to get countries in sync, likely finalised in June nL5N22S73G
  • Daily momentum studies base/fall, 5, 10 & 21 DMAs starting to edge lower
  • Early days but a negative setup, joining falling 5, 10 & 21 weekly MAs
  • 1.1175 1.38BLN strikes a likely magnet in Asia without news

eur may 17 Click here

Source:
Thomson Reuters IFR Markets

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