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Aug 13 - 08:55 AM

EUR/USD - Key Short-Term Resistance Threatened On Rate, US$ Moves

By Christopher Romano  —  Aug 13 - 08:29 AM
  • US 10-yr yield US10YT=RR sink, Dec 2022 eurodollar EDZ2 prices rally

  • Slide in rates weighs down US$, USD/CNH falls away from the 6.4855 area

  • Equities ESv1, oil LCOc1 rally in early NY, yen sales lift EUR/JPY

  • EUR/USD rallies from 1.1730 EBS low in Europe am, lift extends in NY

  • Pair trades to 1.1765 on EBS, threatens key resistance near 1.1770

  • Daily RSI is rising, suggests short-term upward momentum is in place

  • Break above 1.1770 likely drives tests of 10- & 21-DMAs, 1.1835/40 zone

  • For more click on FXBUZ




eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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