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Derived real-time data in partnership with:
Thomson Reuters
May 14 - 09:48 PM
EUR/USD - Large 1.1940/50 Strikes May Be A Magnet In Asia
First appeared on eFXplus on May 14 - 07:35 PM
  • Fraction firmer early, after closing -0.1%, despite tighter Bund/UST spreads
  • Continued US/EU trade friction & Italian politics nL5N1SL23F weighed
  • Momentum studies, 5, 10 & 20 DMAs conflict - downtrend consolidates
  • 1.2020/60 area pivotal resistance, 200DMA, 38.2% April/May fall & 20 DMA
  • 1.1940-50 1.9BLN strikes cap or may act as a magnet - 1.1990-1.2000 1.3BLN
  • Earlier 1.1923 low & 1.1905, 50% May bounce initial support

eu may 15 Click here

Source:
Thomson Reuters IFR Markets

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