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TDUX
Oct 09 - 03:55 PM
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EUR/USD - Bearish Pressure Still Being Applied

By Christopher Romano  —  Oct 09 - 01:43 PM

• NY opened near 1.1210 after 1.1243 traded overnight, drop then extended

• USD, US yield & oil gains weighed down EUR/USD

• The pair fell despite rallies in gold, silver and stocks; 1.1188 traded

• EUR/USD held near that low despite a softening in US dollar & yields

• The pair was down -0.16% in the afternoon and was also lower for the week

• Techs are bearish; RSIs, widening Bolli bands indicate downward momentum

• Daily inverted hammer, hold below the 10-DMA reinforce bearish 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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