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Thomson Reuters
Jul 13 - 03:48 PM
EUR/USD - Dollar Lift Stalls Into Weekend; Will Likely Resume
First appeared on eFXplus on Jul 13 - 02:10 PM
  • Dollar weakness persists as longs lighten up heading into the weekend
  • EUR/USD rallies back above 21-DSMA, nears flat late in the day
  • Long lower wick on daily candle suggests more gains possible
  • Gains likely to be limited;DE-US spreads widen while Fed & ECB paths diverge
  • Monthly chart shows consolidation of losses still, suggests lower levels due
  • Euro zone June HICP final is a data risk next week

chart: Click here

Source:
Thomson Reuters IFR Markets

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