By Christopher Romano — Jun 08 - 02:10 PM
EUR/USD rallied in Europe on GDP data nL1N2XV10Z, NY opened near 1.0720
EquityESv1 bounce, rateFEIZ3 gains, EUR/JPY lift to 144.25 aid lift
EUR/USD rallied above the 10- & 55-DMAs,pierced the daily cloud base
Pair hit 1.0748 on EBS but then dropped as risk sentiment soured
Sharp fall in stocks, EUR/JPY fall toward 143.50 weigh on EUR/USD
EUR/USD fell below the 10-DMA, neared flat late in the session
Daily doji forms, implies indecision; consolidation of recent gains persists
Risks from China May trade data, ECB meeting & US May CPI still loom
For more click on FXBUZ
eurusd Click here
Source:
Refinitiv IFR Research/Market Commentary