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Thomson Reuters
Jun 27 - 05:00 AM
EUR/USD - UST Demand Adds To EUR/USD Support But Techs Bearish
First appeared on eFXplus on Jun 27 - 02:55 AM
  • EUR/USD in tight 1.1640-65 range Asia, bearish techs encourage fresh selling
  • Mounting risk aversion is fuelling demand for USTs pushing down yields
  • Will eat into USD support pare back a key factor previously weighing EUR/USD
  • EUR safe asset status, pressure weak CNY on big TWI components also support
  • On negative side rebalancing of EM/CB interventions will weigh euro
  • Techs weigh after close below 21-DMA target 1.15. Support @ 200-HMA 1.1618

EUR/USD hourly Click here

Source:
Thomson Reuters IFR Markets

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