EURUSD has reclaimed the 1.2000 level after....>

EURO: EURUSD has reclaimed the 1.2000 level after closing below its 200-DMA

(1.2014) for the first time since April 2017 on Tuesday, and last trades at

~1.2010 as the USD trades a tad softer. EURJPY has edged lower, losing 5 pips to

trade at 131.75, off of the 131.64 low.

- EURUSD's oversold studies are looking to correct, which remains the key

concern for bears. Bulls now need a close above the low from April 27 (1.2053)

to gain breathing room.

- EURJPY's 55-DMA confirmed its significance having provided support Monday on

the sell-off from failures above the 100-DMA (132.97) & 21-WMA (132.84). Bears

need a close below the April 05 low (131.05) to confirm traction below the

55-DMA (131.52). Bulls continue to look for a close above Monday's high (132.54)

to gain breathing room.

- Key risk events for the Eurozone today include the Manufacturing PMI dataset,

GDP, & unemployment data.