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Apr 07 - 05:55 PM

EUR/USD - Warnings Flash For Longs After Fed Minutes

By Christopher Romano  —  Apr 07 - 03:14 PM
  • EUR/USD dropped into the Fed minutes but still held slight gains

  • Fed minutes taken by some investors as less-dovish nIfp7Jkzl2

  • US 10-year yield rallies slightly, late-day US$ buying intensifies

  • EUR/USD falls below the 1.1864 EBS low set in European morning trade

  • Daily technical signals now warning recently established longs

  • Daily inverted hammer forms, RSI diverges & pair falls below 200-DMA

  • March 24 daily high, 21-DMA supports are now threatened

  • Break of those supports targets 1.1820/25, 1.1795/1.1805 support zones

  • For more click on FXBUZ














eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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