By Christopher Romano — Apr 18 - 02:00 PM
EUR/USD drifted up in European trade, NY opened near 1.0800, lift extended
1.08145 hit on EBS, sellers emerges as US interest rates rally & remain firm
US 10-yr yieldUS10YT=RR hits a 3-1/2 year high, Eurodollars EDM3 sink
US$ rallies broadly, USD/CNH nears flat after trading lower in Europe's am
EUR/USD falls to 1.0770 in NY, almost no bounce seen, near 1.0780 late
Techs are bearish; RSIs falling and pair trades below the falling 10-DMA
EUR/USD downside risks remain despite tight ranges nL2N2WG0QH
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Source:
Refinitiv IFR Research/Market Commentary