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Jul 19 - 05:55 PM

EUR/USD - Upbeat Risk Helps Overnight Gains Consolidate

By Christopher Romano  —  Jul 19 - 02:05 PM
  • ECB report, safe-haven sales help EUR/USD rally sharply gain nL1N2Z00WC

  • NY opened near the overnight high, pair then dipped to 1.0225 on EBS

  • Dip aided by firmer US$ but equityESv1, yieldDE2YT=RR gains help buoy

  • EUR/JPY rally to 141.44 on EBS also help to limit EUR/USD's pull back

  • Commodity LCOc1 gains, USD/CNH hold near the low help buoy EUR/USD

  • Pair sits near 1.0235 late in the session, up nearly 0.90% on the session

  • Monthly bull hammer, 10-DMA support, rising daily RSI are bullish signals

  • ECB adds to EUR/USD tailwinds for potential test of old support nL1N2Z0172

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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