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Eurogroup Dijsselbloem's comments lift EUR broadly

Source: Thomson Reuters EUR/USD Trend-Line off Jan low, EG's Dijsselbloem 'reason for optimism" comments lift EUR broadly 10 & 21-DMAs see test from downside as market whipped about Short-Term stops above 1.1340 & 1.1355…

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Eurogroup Dijsselbloem's comments lift EUR broadly
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Source: Thomson Reuters


  • EUR/USD Trend-Line off Jan low, EG's Dijsselbloem 'reason for optimism" comments lift EUR broadly

  • 10 & 21-DMAs see test from downside as market whipped about

  • Short-Term stops above 1.1340 & 1.1355 run, tests hourly tops ~1.1375 

  • Pair might see extension to 1.1450 area if resistance is breached

  • Thin liquidity likely adds to choppy & low conviction trades

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