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TDUX
Jun 23 - 04:55 PM

EUR/USD - Techs Grow More Bearish With Help From Risk-Off

By Christopher Romano  —  Jun 23 - 02:01 PM

• NY opened near 1.1405 after 1.1439 traded overnight, the pair's slide extended

• Risk-off sentiment had investors seeking out the safety of the USD

• Gold , silver & equities fell to reinforce the bid for USD

• EUR/JPY drop toward 183.80, USD/CNH rally contributed to EUR/USD's fall

• EUR/USD hit a 1-year low of 1.1375, traded down -0.43% in NY's afternoon

Bearish signs increased after neckline of head & shoulders on monthly chart broke

• Falling daily, monthly RSIs & pair's hold below 10- & 21-DMAs reinforced bear signs
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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