EURUSD managed to reclaim the 1.2000....>

EURO-DOLLAR: EURUSD managed to reclaim the 1.2000 level in Asia dealing on the

back of some modest USD weakness, after closing below its 200-DMA (1.2014) for

the first time since April 2017 on Tuesday, but has slipped in early London

hours, and last deals at 1.1998.

- 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. The next level of notable support comes in the form of

the November 27 2017 high/1.618% swing of the 1.2155-1.2477 move (1.1961/54)

followed by the 2.0% envelope 10-DMA (1.1948).

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

GDP, & unemployment data.