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Thomson Reuters
Apr 23 - 09:48 PM
EUR/USD - Opens Lower But Bounces From Base Of Range
First appeared on eFXplus on Apr 23 - 07:35 PM
  • EUR/USD traded down to 1.1192, as the USD and JPY broadly strengthened
  • It was the third daily dip below 1.1200 for the EUR/USD since March 7
  • Option strikes between 1.1200/50 continue to attract the price action
  • A daily close below 1.1170 could likely see a swift move lower
  • Option market short EUR/USD vol & clear break would induce stop-loss selling
  • Resistance at 1.1261, which was the high yesterday and the 10-day MA

eur/usd Click here

Thomson Reuters IFR Markets


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