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May 19 - 03:55 PM

EUR/USD - Dollar, Yen, Spreads Give Longs The Advantage

By Christopher Romano  —  May 19 - 01:55 PM
  • EUR/USD opened NY near 1.0530 after trading 1.0465 on EBS in Europe's am

  • Pair dips early NY after ECB accounts released nF9N2UZ01X but then gains

  • Rally aided by softer US ratesEDM3US2YT=RR, tighter DE-US yield spreads

  • US rate moves weigh down the US$ while EuriborsFEIZ3 underpin the euro

  • Yen sales rally EUR/JPY from its 133.935 EBS low; EUR/USD hits 1.05985 (EBS)

  • EUR/USD techs are leaning bullish; pair is above 10 & 21-DMAs, RSIs rising

  • EUR/USD shorts face growing risks of big squeeze nL2N2XB16S

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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