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TDUX
Jun 08 - 04:55 PM

EUR/USD - Bulls Emerged After A 2-1/2-Month Low Traded

By Christopher Romano  —  Jun 08 - 01:38 PM

• EUR/USD hit 1.1500 in Europe's morning, pair hit a 2-1/2-month low, buyers then emerged

• USD, US yields , oil softened to help the pair lift off the lows

• The lift got an added boost after report Iran, Isreal halt strikes on Pres. Trump's urging

• Gold, silver, equities rallied & USD/CNH fell towards 6.7800 as risk-on took hold

• 1.1555 traded, the pair sat near 1.1535 late as the USD firmed up, pair up +0.12% late

• Daily doji formed & daily RSI diverged, could be technical warnings for EUR/USD bears
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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