Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 07 - 03:55 PM

EUR/USD - Tight Range Played On Balanced Risks

By Christopher Romano  —  Aug 07 - 01:35 PM
  • EUR/USD opened NY near 1.0925 after 1.09055 traded on EBS overnight

  • Pair traded a tight 1.0913-1.09365 range for most of NY trading

  • US yield US2YT=RR, US$ gains & EUR/JPY dip from high limited gains

  • DE-US spreads US2DE2=RR, equity ESv2 gains helped limit the downside

  • EUR/USD traded down -0.06% in NY's afternoon, held above short-term support

  • Pair held above the 5-DMA, August 5 daily low which gave longs comfort

  • Rising monthly RSI, falling daily RSI give some mixed tech signals

  • US weekly claims & its impact on Fed policy is a key data risk Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!