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May 29 - 07:24 AM

EUR/USD - 200-DMA Remains Magnetic After Weekly Jobs Data

By Christopher Romano  —  May 28 - 08:45 AM
  • U.S. weekly & continuing claims fall from prior report nAQN02LBA9

  • Q1 GDP below f/c nAPN0E2KJL, Apr durable good above f/c nAPN0E2KGT

  • Equities ESv1 add to gains; yen sales lift EUR/JPY near 118.96 EBS high

  • EUR/USD rallies near 1.1020 but struggle to lift away from the 200-DMA

  • Techs lean bullish; RSIs rise, monthly bull hammer forming for May

  • Close above 200-DMA would bolster bull sentiment, 1.1055/65 then targeted

  • Break above 1.1065 likely leads to test of 1.1145/50 resistance















eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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