Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 10 - 05:55 PM

EUR/USD - The 10-DMA Remains Magnetic, Tight Range Before Inflation Data

By Christopher Romano  —  May 10 - 02:20 PM
  • EUR/USD hit 1.0585 in Europe's am, NY opened near 1.0560, lifted in early NY

  • 1.0575 traded early NY but a drop ensued as US ratesEDM3US2YT=RR bounced

  • EquitiesESv1, commoditiesHGv1 fell as investors sought safer assets

  • EUR/JPY dropped to 137.04 on EBS, EUR/USD fell to 1.05255 on EBS

  • Equity rally into positive territory helps lift EUR/USD toward 1.0540 late

  • Falling RSIs, consolidation of fall from March high are bearish tech signals

  • China, German, US April inflation data are key risks for Wednesday

  • EUR/USD might be possible after US inflation nL2N2X21GL

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved