EURUSD – technical break

EURUSD – technical break higher in the pair through the 200dma and short term downtrend line and the real money demand seems to come in at a more steady pace this week. But vols remain subdued near all-time lows and the move in rates EUUS10yr back to two year highs had a limited impact on FX so far. But momentum seems to pick up slowly and strong support zone is forming 1.1120-40 area.

Support - 1.1140 / 1.1115 / 1.1090

Resistance - 1.1165 / 1.1185 / 1.1205

 

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