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May 27 - 03:55 PM

EUR/USD - Steady Despite Dollar, Yield Influences

By Christopher Romano  —  May 27 - 01:46 PM
  • EUR/USD falls from 1.2215 (EBS) in Europe am on US$ buys, 1.2180 hit

  • Bounce ensues, NY opens near 1.2205, pair falls again as US$ bid persists

  • US 10-yr yield buoyed by claims data nL2N2ND2D4, Fed's Kaplan nL2N2NE1I6

  • EUR/USD nears 1.2180 again then nears 1.2210 before settling near 1.2200

  • EUR/JPY rally to 134.00 likely help buoy EUR/USD above key supports

  • Bull channel base, support near 1.2150 are key for EUR/USD bulls

  • EUR/USD longs face risks from US yields and Fed nL2N2NE1OK

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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