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Closes above 1.12, just...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Closes above 1.12, just
Risk-off flows were countered following President Trump's plans to delay
imposing tariffs on auto imports on Wednesday. EURUSD recovered 1.12 with bulls
targeting a break of the previously hard to overcome 1.1265 level. Bears need a
close below 1.12 to put the focus back on the May 7 low at 1.1167, ahead of the
May 3 low at 1.1135. Below here opens the ytd low & May 30 2017 low at
1.1112/10.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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