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Thomson Reuters
Mar 13 - 03:48 PM
EUR/USD - Eyes Key Short-Term Resistance
First appeared on eFXplus on Mar 13 - 01:40 PM
  • EUR/USD heavy after durable goodsnAQN00C9UC nL1N2100E8 but fall stalls
  • US$ slips despite wider DE-US spreads, EZ data gets more focus nL1N2100NH
  • EUR/USD nears 21-DMA, March 6 & 7 highs, lift stalls as other risks loom
  • Brexit risk keeps bulls from charging forward, 1.1320/25 resistance intact
  • Daily techs favor bulls, RSI biased up and 10-DMA gets pierced
  • Consolidation of long-term losses persists though, downside risks remain

chart: Click here

Source:
Thomson Reuters IFR Markets

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