By Christopher Romano — May 21 - 07:16 AM
• EUR/USD rallied through the 21-DMA, 1.1280/1.1300 resistance zone overnight
• Pair traded 1.1282-1.1362 on EBS, NY opened near 1.1340, pair up +0.50% early NY
• US asset selling helped drive EUR/USD to a 10-session high
• Treasuries , US$, USD/CNH sales & gold gains helped buoy
• Techs lean bullish; daily RSI is rising, pair trades above the 10- & 21-DMAs
• May's monthly long legged doji candle reinforces the
bullish
tech signals
eurusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters