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Thomson Reuters
Jun 28 - 03:48 AM
EUR/USD - CB Flows Weigh EUR/USD, Weak Bounce Exposes 1.1500 Barriers
First appeared on eFXplus on Jun 28 - 02:35 AM
  • EUR/USD 1.1573 high following 1.1540 low in Asia
  • Strong bearish momentum maintained after weak bounce
  • Defenders of EUR/USD barriers @ 1.1500 need sizeable rebounds to reload
  • USD strength has influenced multiple and bigger interventions in EM
  • Rebalancing of reserves will lead to larger EUR/USD selling
  • On flip side month-end/equity rebals expected to generate large USD selling

Source:
Thomson Reuters IFR Markets

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