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Jul 09 - 04:55 PM
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EUR/USD - US Dollar, Yields & Oil Influences Give Bulls Traction
By Christopher Romano — Jul 09 - 01:59 PM
• NY opened just above the overnight 1.1417 low, the pair then rallied
• Downward moves in USD, US yields , oil boosted EUR/USD
• Rallies in gold, silver and stocks weighed on USD and helped rally riskier assets
• EUR/USD hit 1.1445 then neared 1.1435 late, the pair traded up +0.18%
• Rising daily RSI, hold above the 10-DMA are encouraging signs for EUR/USD bulls
• Hold below the 21-DMA, rising channel on daily charts are
concerns for bulls
eurusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters