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Jul 04 - 09:48 PM
EUR/USD - Strikes Again Contain, As Stocks And Yields Trend
First appeared on eFXplus on Jul 04 - 07:40 PM
  • Flat and likely quiet into US payrolls, after an inside day yesterday
  • Record highs for the STOXX 600 and trend lows in 10yr Bunds nL8N2451YB
  • 1.1250 550M, 1.1295-1.1300 1.5BLN and 1.1320 500M are the close strikes
  • Momentum studies flat line 5, 10 & 21 DMAs conflict - neutral setup
  • Yesterday's 1.1295 Asian high then Wednesday's 1.1312 high resistance
  • This week's 1.1268 low then 1.1258, 50% of the May/June rise first support
  • Close below 1.1258 would be a negative signal for next week

eur jul 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

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