Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 11 - 01:55 PM

EUR/USD - Shorts Receive Some Welcome Signals

By Christopher Romano  —  Jun 11 - 12:32 PM
  • Reversal in overnight US 10-yr yield, eurodollar moves drive US$ buying

  • Lift in rates drives EUR/USD below 1.2100, generates bear tech signals

  • 10-DMA crosses below the 21-DMA while daily, monthly RSIs sink further

  • Recent EUR/USD rally sellers now reap rewards, more likely to come

  • Test of 55-DMA, May 13 daily low seem likely, both sit in 1.2051/58 zone

  • break of those supports target 200-DMA (1.1991), May 5 low (1.1986)

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!