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Derived real-time data in partnership with:
Thomson Reuters
May 14 - 09:48 PM
EUR/USD - Bearish Reversal Signal Validated, Targets May Base
First appeared on eFXplus on May 14 - 07:40 PM
  • Shade firmer after closing off 0.2%, as the USD firmed and risk bounced
  • Italy on the radar, Salvini threat to break EU budget rules nL5N22Q59V
  • Close validated Monday's shooting star reversal - targets 1.1135 May low
  • Daily momentum studies conflict, 5, 10 & 21 DMAs coil - neutral setup
  • 5, 10 & 21 weekly moving averages head south, so primary trend is lower
  • 1.1200 400M strikes - NY afternoon 1.1201/1.1216 range support/resistance

eur may 15 Click here

eug2 may 15 Click here

Source:
Thomson Reuters IFR Markets

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