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Thomson Reuters
Apr 30 - 09:48 PM
EUR/USD - Likely Data Driven After Yesterday's Surprises
First appeared on eFXplus on Apr 30 - 07:40 PM
  • Shade softer after a 0.3% bounce on surprise strong EZ data nL1N22C06H
  • Leaves the EUR back at familiar levels, above the prior 1.1765 range low
  • 5, 10 & 21 DMAs now conflict, after looking bearish for over a week
  • 1.1180 1.7BLN & 1.1220-25 725M close strikes look safe with Asia on holiday
  • Last week's 1.1110 trend low is now pivotal support - EUR likely data driven
  • Yesterday's pre data 1.1176 low and NY 1.1229 high first support/resistance

eur may 1 Click here

Source:
Thomson Reuters IFR Markets

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