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Thomson Reuters
May 13 - 08:36 PM
EUR/USD - Potential Reversal, After The Topside Failure
First appeared on eFXplus on May 13 - 07:20 PM
  • +0.1%, regaining yesterday's modest loss, after stalling at 1.1264
  • Topside failure leaves a shooting star reversal on the daily candles
  • Close below yesterday's 1.1220 low needed to validate the bearish signal
  • Momentum studies edge higher, 5, 10 & 21 DMAs coil at familiar levels
  • Neutral setup - earlier 1.1218 low then 1.1195-1.1200 700M strikes support
  • 1.1240 508M strikes then NY 1.1264 high initial resistance

EUR may 14 Click here

Source:
Thomson Reuters IFR Markets

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