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Thomson Reuters
Jun 29 - 03:48 PM
EUR/USD - Bears Throw In Towel, Temporarily, On 1.15 Break
First appeared on eFXplus on Jun 29 - 01:40 PM
  • EUR/USD eyes 1.1772 hurdles, 1.15 floor holds despite sloppy summit
  • EU immigration deal more an excuse than reason for EUR/USD rebound
  • Stale shorts pruning positions at H1-end after no 1.15 breakdown payoff
  • But shorts still getting paid well to stay and rallies remain fades
  • US spending miss cuts Q2 GDP f/c, but PCE, income, Chi PMI beats offset
  • EUR honeymoon from EU summit likely to be short-lived nL8N1TV449

Chart: Click here

Source:
Thomson Reuters IFR Markets

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