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Thomson Reuters
May 14 - 03:48 PM
EUR/USD - Bears Are Gaining Confidence
First appeared on eFXplus on May 14 - 01:50 PM
  • US exp/imp prices see downside miss, inflation fears sink global bond yields
  • Risk sours early, EUR/JPY sinks, EUR/USD follows, 10-DMa pierced
  • Pair lingers near day's low for most of NY; EM gains & USD/CNH slide weigh
  • Daily techs favor bears, RSI falls, long upper wick on day candle
  • EUR/USD's short covering rally could be at an end

chart: Click here

Thomson Reuters IFR Markets


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