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Aug 18 - 05:55 PM
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EUR/USD - Early Gains Erode As Risk-Off Drives Bid For Safety
By Christopher Romano — Aug 18 - 01:45 PM
• NY opened near 1.1575 after EUR/USD traded a tight range in Asia & Europe
• The pair rallied early as the USD traded downward; 1.1589 traded
• Sellers then emerged as risk soured after Pres. Trump comments on negotiations
• Stocks turned lower, gold & silver added to losses, USD/CNH neared the overnight high
• EUR/USD hit 1.1575 in NY's afternoon, it traded down -0.05% late in the day
• Daily RSI, price drop following Monday's inverted hammer
are concerns for bulls
eurusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters