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Thomson Reuters
Apr 07 - 09:48 PM
EUR/USD - Italy May Come Back Into Focus - 1.1225 Strikes Cap
First appeared on eFXplus on Apr 07 - 07:35 PM
  • Flat - EUR consolidated above 1.1200 last week - 1.1225 1.3B strikes today
  • Plenty of Brexit UK opinion and comment, but no progress nL8N21O0HH
  • Sources suggest Italy will hike 2020 deficit goal to 2.1% nL8N21P0GS
  • Momentum studies flat line, neutral 5, 10 & 21 DMAs - little trending bias
  • 1.1176/86, 2019 low in March and 61.8% 2017/2018 rise pivotal support
  • Close above 1.1278/84, 21 DMA & 38.2% March/April fall would be bullish

eur apr 8 Click here

Source:
Thomson Reuters IFR Markets

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