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EURUSD benefitted from the broader......>

EURO-DOLLAR
EURO-DOLLAR: EURUSD benefitted from the broader USD weakness that was evident in
Asia-Pacific dealing, and trades around session highs at present, just shy of
1.1990.
- There will be plenty of risk events for EUR traders today, with EZ CPI and a
deluge of ECB speak from Messrs Coeure, Praet, Constancio, Hansson & Villeroy.
- The close below the 200-DMA Tuesday (1.2015), the first since April 2017,
added weight to the bearish case with immediate focus on the YtD low (1.1914).
having said that oversold studies looking to correct remain the key concern for
bears. Bulls need a close back above above yesterday's high (1.2053) to gain
breathing room.
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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