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Thomson Reuters
Jun 13 - 05:00 AM
EUR/USD - Now EUR/USD Sub 21-DMA 1.1700-25 Options A Huge Draw
First appeared on eFXplus on Jun 13 - 02:55 AM
  • EUR/USD breaks below 21-DMA 1.1753/200-HMA 1.1747 fuel fresh selling
  • EUR bears need pair to hold sub 1.1750-60 to maintain beairsh momentum
  • Hedging for huge expiries (EUR 4.8bln) 1.1700-25 provides big magnet
  • Support @ Jun 6/8 lows 1.1712/27. Break may test June 4-5 lows 1.1660/53
  • Further easing of Italy risks means bears entirely depending on Fed's view
  • Rebound over Jun 7 peak at 1.1840 needed to trigger a short-squeeze

EUR hourly Click here

EUR daily Click here

Source:
Thomson Reuters IFR Markets

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