By Peter Stoneham — Apr 12 - 05:00 AM
Cross opened above the 100-day moving average, 0.8786
Our 0.8800 offer met and we now look for a return to the low 0.87s
Daily momentum readings still negative but close to zero
Converging 10, 21 and 100DMAs supporting, 0.8779 through 0.8786
Close above the 0.8800 Apr. 7 high could open up key resistance
The March 30 high is at 0.8827: potential turning point for the EUR
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary