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Derived real-time data in partnership with:
Thomson Reuters
Apr 16 - 09:48 PM
EUR/USD - 1.1270 Solid Short Term Support, Strikes Contain
First appeared on eFXplus on Apr 16 - 07:30 PM
  • Flat after closing -0.2%, as doubts on EZ forecasts weighed nL5N21X00
  • Tight Asian range likely with the Asian focus on a raft of China data
  • 1.1200 2.8B, 1.1250 1.5B, 1.1300 1.4B and 1.1320 606M today's close strikes
  • Neutral momentum studies, 5, 10 & 21 DMAs conflict - little short term bias
  • Major resistance - last week's 1.1324 top, then 1.1347, 61.8% Mar/Apr fall
  • Support start at 1.1270 21 DMA and 38.2% of the April climb

eur apr 17 Click here

Source:
Thomson Reuters IFR Markets

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