By Christopher Romano — May 14 - 01:39 PM
• NY opened near 1.1230 after 1.12655 traded on EBS in Europe's morning, pair then slid further
• US$ buying and a turn upward for US Treasury yields weighed down EUR/USD
• USD/CNH rally and drops in gold and EUR/JPY added additional weight on EUR/USD
• Pair neared 1.1175 before slightly bouncing, 1.1195 neared late, pair up only +0.07% late
• Daily gravestone doji candle formed which may be a concern for EUR/USD bulls
• Falling monthly RSI & hold below resistance near 1.1300 may also worry EUR/USD longs
• Euro zone Q1 GDP and US jobless claims & April PPI, retail
sales
are data risks Thursday
eurusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters