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May 13 - 02:55 AM

EUR/USD - Met Support At Neutral Spot, Downside Risk Grows

By Jeremy Boulton  —  May 13 - 02:17 AM
  • Yesterday EUR/USD dropped 1.2152 to 1.2065 EBS

  • Middle of 20-day bollingers was 1.2064

  • Today's range 1.2070-88 EBS, mid bands now 1.2069

  • Transition into lower half bands is likely as profit taking weighs

  • Heightened chance Jun 1 daily Ichimoku cloud twist at 1.1970-73 attracts

  • Warning for those long, 55-DMA set to cross below 200-DMA

  • CNH rise weighing EUR and set to weigh further nL1N2N0093




EURUSD Click here

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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