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Morning Briefing Euro (1.2257) as per expectation is consolidating currently at levels near 1.225. Ranging between 1.21 and 1.2325 might continue for the Euro for some more sessions. We have a preference for a correction towards 1.21 in the near term followed by a rise back towards 1.225-1.23 again.
Month Open High Low Close
Dec-17 1.1903 1.2026 1.1718 1.1997
Jan-18 1.1997 1.2323 1.1916 1.2250
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Vikram Murarka ["Vikram Murarka, Chief Currency Strategist at KSHITIJ.COM. Likes to look at the markets from many different angles. Weaves many conventional and unconventional technical analysis techniques and fundamental analysis into a global macro perspective. Likes to take the road less traveled."]
JUN 13, 2017 AT 10:48 AM

13Jun17, EURUSD 1.1195: First big break above 21-mth MA in last two mths, since 1.38.
~ Vikram Murarka