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Thomson Reuters
May 22 - 09:48 PM
EUR/USD - Strikes Contain, As Range Dominates, Bias Is Lower
First appeared on eFXplus on May 22 - 07:50 PM
  • Shade firmer - closed -0.1% with an inside day, as consolidation extends
  • Pressure on UK PM May to resign - door open to a hard Brexit nL5N22Y17P
  • Right wing likely to change balance of power in EU elections nL5N22Y5LQ
  • 1.1100 1BLN, 1.1150 1.1BLN, 1.1165-75 620M and 1.1200 508M strikes contain
  • 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

eur may 23 Click here

Source:
Thomson Reuters IFR Markets

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