FxGrow Daily Technical Analysis – 23rd May, 2016
By FxGrow Research & Analysis Team
The EURUSD under pressure ahead of EU PMI data
The EURUSD remains flat at 1.1220 ahead of PMI data today. The Euro was dipping lower on stronger dollar after rising concerns over Fed rate hike in June especially as policy makers claimed that June rate hike is a live and real possibility. Breaking the strong support 1.1196 will pave the way to touch 1.1170 and 1.1130 respectively.
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