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Jul 23 - 03:55 PM

EUR/USD - Slide Pauses Into The Weekend Despite Big Bearish Signals

By Christopher Romano  —  Jul 23 - 01:44 PM
  • EUR/USD drops from 1.17865 (EBS) in Europe am, NY opens near 1.1765

  • Slide extends to 1.1755 due to broad based US$ buying

  • Pair bounces off lows then range trades in the 1.1755/81 range

  • Rallies in equities ESv1, oil LCOc1, EUR/JPY help buoy EUR/USD

  • Pair sits near flat on the session but remains down for the week & month

  • Death cross, head & shoulder top suggest a big drop is due nL1N2OZ173

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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