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Thomson Reuters
Jun 13 - 03:48 AM
EUR/USD - Has Two Legs To Stand On, May Reach For 200DMA
First appeared on eFXplus on Jun 13 - 01:25 AM
  • EUR/USD propped up by couple of key EBS chart supports near 1.1280
  • Base of daily Bollinger uptrend channel preserves bullish bias
  • Daily Ichimoku Cloud adds reinforcement to downside barrier
  • Closing above Wed open of 1.1327 will signal resumption of rally
  • 200 DMA resistance at 1.1362 will attract attempts to trigger stops
  • Germany CPI due later; China industrial data on Fri may be more impt

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