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Thomson Reuters
May 15 - 09:48 PM
EUR/USD - Range In Play, But The Base Looks The Weak Side
First appeared on eFXplus on May 15 - 07:40 PM
  • +0.1% - closed flat at familiar levels in the 1.1110/1.1265 one month range
  • Merkel admits differences with Macron, but shares general ideas nL5N22R833
  • Brexit continues to weigh, as UK shows few signs of compromise nL5N22R54R
  • Daily momentum studies conflict, 5, 10 & 21 DMAs coil - neutral setup
  • 5, 10 & 21 weekly moving averages head south, so primary trend is lower
  • London 1.1178 low and NY 1.1225 high support/resistance - tight range likely

eur may 16 Click here

Source:
Thomson Reuters IFR Markets

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