Source: Thomson Reuters
- EUR/USD sees limited data reaction after somewhat softer than forecast US data, 100-DMA weighing
- USD firms, EUR/USD eyes intra-day support near 1.11 as spreads a bit tighter
- 100-DMA limited the rally overnight & long upper wick on forms today's candle
- Downside risks are extant & there is increased chance of key 1.1050/60 zone
- Market expects models to go short on 1.1050 break as 1.0820/50 then eyed
- Above 1.1220 eases short-term bear pressure
