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Thomson Reuters
Apr 25 - 11:00 PM
EUR/USD - Strong Downtrend Beginning To Form - Strikes Cap
First appeared on eFXplus on Apr 25 - 09:10 PM
  • Consolidates after yesterday's 0.2% fall, braking pivotal 1.1176/86 support
  • Dip leaves 5, 10 & 21 daily, weekly and monthly moving averages trending
  • This is the start of a trending setup not seen since the 2104/2015 fall
  • 1.1119 June 2017 range low initially held in early NY, but vulnerable
  • Sustained break opens the door to a test of 1.0863, 76.4% 2017/18 rise
  • NY 1.1117 low and 1.1140-50 800M, 1.1170-00 1.15B support/resistance

eur apr 26 Click here

Source:
Thomson Reuters IFR Markets

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