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May 19 - 07:24 AM

EUR/USD - Yen Sales, Upbeat Risk Nudge The Bulls

By Christopher Romano  —  May 18 - 08:45 AM
  • Fed's Powell: We're not out of ammunition, not by a long shot nL1N2CZ09O

  • Powell helps weaken the US$ a bit; risk-on lifts equities, commodities

  • Yen sold on rising risk, EUR/JPY trades up to 116.48 on EBS, EUR/USD follows

  • EUR/USD rallies form 1.0800 EBS low, nears 1.0845; 21-DMA helps stall bulls

  • Pair still stuck in tight 1.0765-1.0900 range & broader 1.0725-1.1025 range

  • Large option XXX this week nL1N2D00D8 could keep pair buoyed














eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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