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Thomson Reuters
May 21 - 09:48 PM
EUR/USD - Strikes Contain, But The Trend Remains Lower
First appeared on eFXplus on May 21 - 07:25 PM
  • Touch firmer after closing little changed, despite intraday volatility
  • U.S. trade chief to talk with EU, Japan on Chinese subsidies
  • A bilateral approach to China trade issues could ease the current friction
  • Momentum studies flat line, 5, 10 & 21 daily, weekly and monthly MAs fall
  • Strong trending setup targets a 1.1110 break - the April and 2019 low
  • 1.1150 410M, 1.1180 1.4BLN and 1.1200 300M close strikes likely contain

eur may 22 Click here

Source:
Thomson Reuters IFR Markets

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