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Nov 20 - 02:36 AM
EUR/USD - Downside Cushioned By Cascading UST Yields
First appeared on eFXplus on Nov 20 - 12:50 AM
  • EUR/USD barely flinches despite broad Asia stocks selloff on trade woes

  • Cascading UST yields keep dollar bulls at heel; 10y slips to 1.750%

  • Persistent threat of US-China trade deal falling through nL2N280023

  • But EUR/USD bears deterred by Ichimoku Cloud support at 1.1064

  • Need to pierce Cloud base 1.1003, which would trigger another bearish cue

  • Triggering Bollinger downtrend channel would increase bearish momentum

EUR: Click here

UST10y: Click here

Refinitiv IFR Research/Market Commentary


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