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May 18 - 04:55 AM

EUR/USD - Hits 57 Day Best, May Struggle Near 1.2200 S-Term

By Jeremy Boulton  —  May 18 - 02:35 AM
  • EUR/USD 1.2153-1.2186 EBS to trade best since Feb 26

  • Feb 25 pair reached 1.2243, best since early Jan

  • Option barrier defence and corp supply likely around 1.2250

  • Top 20-day Bollingers bands is 1.2196 and slowly rising

  • Gains above top bands possible but should be short lived

  • Dip buying strategies ahead mid-bands at 1.2091 may be wise

  • Push me, pull me stimulus traps EUR/USD but it will rally nL2N2N40KZ


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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