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May 25 - 03:55 PM

EUR/USD - Bulls Becoming Aggressive After Next Bull Leg Begins

By Christopher Romano  —  May 25 - 01:50 PM
  • EUR/USD spikes above 1.2145/50 on upbeat risk, safe-haven sales in Europe

  • Equity ESv1, oil LCOc1 & EUR/JPY (133.615 EBS high) gains buoy EUR/USD

  • Drop in US 10-yr yield, rally in Dec 2022 eurodollar help weigh down US$

  • EUR/USD opens NY near 1.2150, rallies to 1.2266 on EBS before dipping

  • US$ selling abates & equity gains erode, EUR/USD sinks near 1.2225

  • Dip bought though as US$ & yields soften again, EUR/USD near 1.2250 late

  • Techs are bullish, consolidation ends, RSIs imply upside momentum remains

  • Persuasive Fed rhetoric likely to keep EUR/USD buoyed nL2N2NC1HW

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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