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EUR/USD pierces 76.4 Fib of 1.1534-1.0463, short covers persist

Friday, May 1, 2015 12:57 PM UTC

EUR broadly bid, especially vs. GBP & AUD, aids to keep EUR/USD aloft
Short covering keep pair firm, 76.4 Fib of 1.1534-1.0463 pierced
RSIs biased up & spreads tighten, more fuel for bulls
Talk of 1.13 barrier, stops above, if run little resistance until 1.1380/90
US manufacturing PMIs the risks, if weak more gains likely for EUR/USD

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EUR/USD pierces 76.4 Fib of 1.1534-1.0463, short covers persist

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