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Thomson Reuters
May 02 - 11:00 PM
EUR/USD - Shows Small Signs Of Life, But Unlikely To Last
First appeared on eFXplus on May 02 - 09:40 PM
  • EUR/USD bounces from early low at 1.1948 to 1.1975
  • Overnight low held the 61.8 Fibo of Nov/Feb rally at 1.1936
  • More support found at the Jan 2018 low of 1.1915
  • But trend remains lower as s/t MAs head down, momentum studies edge lower
  • 200 DMA at 1.2017 likely to cap any rallies
  • Markets relatively quiet with Tokyo closed, no cash UST trading

EUR daily: Click here

Source:
Thomson Reuters IFR Markets

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