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Oct 27 - 08:55 AM
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EUR/USD - A 9-Session Low Traded As US Dollar Bulls Reigned
By Christopher Romano — Oct 27 - 07:20 AM
• 1.1177-1.1136 traded overnight, NY opened near 1.1150, down -0.24%
• Drops in US yields , oil , USD/CNH couldn't inspire bulls
• Broad-based USD buying & drops in gold, silver weighed down EUR/USD
• The pair's recent drop now has technicals leaning towards the bearish camp
• Daily, monthly RSIs indicate downward momentum, pair is below 10- & 21-DMAs
• Widening 15-month Bollinger bands reinforce the bearish
tech signals
eurusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters