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TDUX
Oct 19 - 03:55 PM
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EUR/USD - Bulls Give Back Early NY Gains

By Christopher Romano  —  Oct 19 - 01:39 PM

• NY opened near 1.1215 after 1.1182 traded overnight, rally extended early

• Rally fueled by USD, US yields & USD/CNH drops and gold, silver, equity rallies

• EUR/USD hit 1.1231 but sellers emerged, 1.1210 neared late, pair was down -0.25%

• Firmer USD, yields & downward moves in gold, silver stocks weighed on EUR/USD

• Techs lean bearish; RSIs indicate downward momentum, pair below the 21-DMA

• Widening 15-month Bolli bands contribute to the bearish tech signals
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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