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Jun 03 - 02:36 PM

EUR/USD - Choppy Action In NY But Bulls Remain In Charge

By Christopher Romano  —  Jun 02 - 02:20 PM
  • Pair opens NY near 1.1155 after sharp overnight gains nL1N2DF0I6

  • US$ & yen broadly sold on upbeat risk, EUR/JPY rallies to 121.635 on EBS

  • EUR/USD rallies to 1.1197 on EBS but pulls back near 1.1165 on firming US$

  • Pair holds most of day's gains, sits near 61.8% Fib of 1.1495-1.0636 late

  • Pierced 61.8% Fib, rising daily & monthly RSIs have techs lean bullish

  • EUR/USD longs are confident as bull signals increase nL1N2DF0QN

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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