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Thomson Reuters
May 28 - 03:48 PM
EUR/USD - Downbeat U.S. Data Cannot Help Bulls
First appeared on eFXplus on May 28 - 01:40 PM
  • Dallas Fed mfg data nAQN00LLF6 echoes last week's PMI disappointments
  • EUR/USD buoyed early on as the US$ & UST yields slide a bit lower
  • Bears take control, downside risks remain
  • Techs favor bears, pair below 21- & 10-DMAs while RSIs give bears momentum
  • Market is short euro & options limit action
  • Downside risks could prevail but moves lower will likely be a grind

chart: Click here

Source:
Thomson Reuters IFR Markets

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