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Aug 13 - 12:12 PM
EUR/USD - Trade News Drive Risk Rally, Sinks Euro
First appeared on eFXplus on Aug 13 - 10:00 AM
  • US Trade rep says some China products are being removed from tariff list
  • USTR says tariffs on some products to be delayed until Dec 15
  • XINHUA: China, U.S. to speak again in coming two weeks
  • Headlines dive a big risk-on rally; yen sold, cnh & equities rally
  • EUR/USD turns down on the day, falls sharply below 1.1180 & 21-DMA
  • Daily RSI turns down; 10-DMA, Aug 12 low & bull pennant base threatened
  • Break below the 1.1160 area likely leads recent longs to exit

chart: Click here

Refinitiv IFR Research/Market Commentary


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