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Thomson Reuters
Feb 25 - 08:36 PM
EUR/USD - Needs To Break Above 1.1410 To Make It Interesting
First appeared on eFXplus on Feb 25 - 06:45 PM
  • EUR/USD firms as it is supported by EUR/JPY buying and rising GBP/USD
  • Rallies stalling just ahead of 50% retracement of 1.1514/1.1234 at 1.1374
  • More resistance at 1,1385/90 where 55 & 100-day MAs converge
  • The 61.8 of 1.1514/1.1234 comes in at 1.1407 and a break targets 1.1510/15
  • Support @ the 10-day MA @ 1.1322 and close below shifts pressure to downside
  • EUR/JPY flows likely to influence direction in Asia

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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