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Derived real-time data in partnership with:
Thomson Reuters
May 27 - 11:00 PM
EUR/USD - 1.1200 Strikes Cap, Positive Signs, But Mid Range
First appeared on eFXplus on May 27 - 09:05 PM
  • Flat after closing -0.1% - 1.1150 500M and 1.1200 540M close strikes
  • Spain is back on the EU's top political table nL5N230433
  • Italian debt and deficit woes prompt an EU response nL8N23336E
  • Base of 1.1100/1.1265 six week range tested last week - back mid range
  • Momentum studies climb, bullish 5 & 10 DMA cross of 21 DMA - positive setup
  • Europe's 1.1187 low and 1.1226, 76.4% May fall initial support/resistance

eur may 28 Click here

Source:
Thomson Reuters IFR Markets

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