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Jun 24 - 12:12 AM
EUR/USD - Cleans Out Shorts With Takedown Of 200 DMA
First appeared on eFXplus on Jun 23 - 09:05 PM
  • EUR/USD clearing a path twd 1.1500 after break of 200 DMA on EBS
  • Also broke above downward trendline extended from January
  • Long-term resistance now supports at 1.1349; dips to be bought
  • Base of daily Bollinger uptrend channel reinforces at 1.1322
  • Looking ahead, German IFO later today is next data cue for EUR
  • But G20 summit on Fri will be highlight for gauge of risk appetite

EUR: Click here

Source:
Refinitiv IFR Research/Market Commentary

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