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Fresh cycle lows Post-FOMC USD....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fresh cycle lows
Post-FOMC USD strength has extended in Asia-Pacific hours. This has allowed
EUR/USD to register a fresh cycle low at $1.1034, just above its lower 1.0%
10-dma envelope at $1.1031. A break below here would see bears switch focus to
the May 8 '17 high at $1.1023, with a breach opening $1.1000. Bulls need to
recover the Jul25/26 lows at $1.1102/12 to regain some composure.
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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