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Thomson Reuters
May 26 - 09:48 PM
EUR/USD - EU Elections No Game Changer, As Signals Point Up
First appeared on eFXplus on May 26 - 07:05 PM
  • Greens and right wing improved after a strong 51% turnout in EU elections
  • Making a centrist coalition more complex, but still possible nL8N2320RY
  • Initial 1.1189 dip short lived, price back around the 1.1205 NY close
  • Base of 1.1100/1.1265 six week range tested last week - top eyed now
  • Momentum studies climb, bullish 5 & 10 DMA cross of 21 DMA - positive setup
  • Early 1.1189 low and 1.1226, 76.4% May fall initial support/resistance
  • 1.1200 457M strikes today

eur may 27 Click here

Source:
Thomson Reuters IFR Markets

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