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EUR/USD overnight lift capped by 55 DMA, claims bounce fades

Thursday, May 28, 2015 12:56 PM UTC

EUR/USD overnight lift stalls near 55-DMA, slide sees long upper wick form on day candle
Above forecast claims see USD dip get bought, EUR/USD near day's low again
Apr 24 low, daily cloud base & April 21 low (1.0660) then eyed
Intra-day support in 1.0850/60 zone then near 1.0820/25
Break & close below latter negates any reversal signs generated May 27
Above 1.1010 eases short-term bear pressure

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EUR/USD overnight lift capped by 55 DMA, claims bounce fades

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