One number we overlooked yesterday was the 200-day moving average in EURUSD at around the 1.1050 area depending on what data source you use. Spot forex traders do not tend to focus on the 200-day average much, but it is a favorite of longer term equity type traders.
For those in the "crowded" long term higher USD trade, taking out that level was a GAME CHANGER yesterday afternoon in NY, and thus triggered a number of stops. Our momentum table below now shows EURUSD as a "buy". We use this rating as a bias indicator, not as a trade signal.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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