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EUR/USD rises as DE-US spreads contract, eyes 200 HMA

Monday, June 15, 2015 1:48 PM UTC

EUR/USD choppy on US data & Draghi
Draghi upbeat early on, adds to lift, 200 HMA eyed, little pullback
Bouts of soft US data see DE-US spreads contract, pair lifts on that
Spec offers remain 1.1250/60, more offers into 1.1300
Consolidation near long-term lows intact, bear pennant forming on monthly chart
Suggests lower levels in long-run, above 1.1530/40 dents long-term bear view

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EUR/USD rises as DE-US spreads contract, eyes 200 HMA

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