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Nov 25 - 03:48 PM
EUR/USD - Choppy Trade But Shorts Grab Hold Of Dollar Strength
First appeared on eFXplus on Nov 25 - 01:25 PM
  • Pair trades heavy in early NY despite improved DE Nov. Ifo nL1N2850CU

  • US$ bid wanes a bit, EUR/USD lifts near 1.1025 but sellers emerge

  • Despite UST yield slide the US$ bid persists, EUR/USD nears 1.1000 late

  • Techs favor shorts; pair below 10 & 55-DMAs, RSIs say bears have momentum

  • EUR/USD bears hold the reigns but progress likely to be limited nL1N2850M6







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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