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TDUX
Sep 30 - 08:55 AM
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EUR/USD - US Dollar Softens Ahead Of ADP, PCE Reports

By Christopher Romano  —  Sep 30 - 07:27 AM

• EUR/USD fell to 1.1329 overnight, buyers emerged and the pair turned positive

• 1.1364 traded in Europe's morning, NY opened near 1.1355, up +0.12%

• USD selling, lower US yields helped drive the pair upward

• Oil gains and drops in gold, silver may have helped limit the upside

• Daily RSI turned up but pair is within Tuesday's range, suggests consolidation

• Hold below 10-DMA, monthly RSI, widening Bolli bands are bearish tech signs

• US September ADP, August PCE are key data risks in NY's morning

• Fed's Barkin, Cook, Goolsbee, Kashkari scheduled to speak today
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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