By Christopher Romano — Apr 07 - 02:37 PM
• NY opened near 1.0960 after 1.1050 traded on EBS in Europe's morning
• Pair lifted early as risk improved; stock , EUR/JPY rallied
• EUR/USD neared 1.0995, remarks from EU's Von der Leyen helped the lift
• Sellers emerged after President Trump threatened more tariffs on China
• US$, yields firmed & USD/CNH rallied above 7.3490
• EUR/USD hit 1.0900, bounced slightly, neared 1.0930 late, down -0.30%
• EUR/JPY & equity gains likely helped EUR/USD's late day lift
• Monthly RSI is rising but daily RSI is falling, pair holds above the 200-DMA
• April's inverted hammer candle may be a concern for EUR/USD longs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters