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Thomson Reuters
Apr 17 - 09:48 PM
EUR/USD - Strikes Strangle, As Bounce Stalls Ahead Of 1.1325
First appeared on eFXplus on Apr 17 - 08:25 PM
  • Touch firmer after closing +0.2%, supported by yesterday's strong China data
  • Close EU/China trade links - EUR sensitive to the Chinese economic outlook
  • 1.1225 1.9B, 1.1300 1.2B, 1.1320/25 2.3B, and 1.1350 1.1B close strikes
  • Neutral momentum studies, 5, 10 & 21 DMAs conflict - little short term bias
  • Major resistance - last week's 1.1324 top, which also capped in early London
  • Support starts at 1.1273 10 DMA and 1.1270, 38.2% of the April climb

eur apr 18 Click here

Source:
Thomson Reuters IFR Markets

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