Solid US inflows

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Even the US capital inflows was near expectations in US$60bn for May from US$47.8bn, which should provide some near-term dollar assistance despite some disappointment on a little equity outflow. The US money needs to have the ability to generate a fresh battle on amounts around 1.2035 from the Euro and the 1.2000-1.2030 immunity band remains very essential for medium-term tendencies. Even though it might hold again now, a break below will invite a transfer to 1.1950.

Analysis provided by http://www.fxtoday.co.uk