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