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Thomson Reuters
May 07 - 03:48 PM
EUR/USD - EU Forecasts, Sour Risk Weigh On Pair
First appeared on eFXplus on May 07 - 01:40 PM
  • Latest EU Commission econ projections are not promising
  • Downbeat commission news & soured risk help pair fall further from 21-DMA
  • Bund yields dive, 10-year DE-US yield spreads widen to help sink EUR/USD
  • Pair falls below the 10-DMA, RSIs turned down, techs lean bearish
  • Despite latest bearish risks EUR/USD remains resilient

chart: Click here

Source:
Thomson Reuters IFR Markets

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