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Jun 28 - 03:55 PM

EUR/USD - Bears Hold The Advantage Despite Rate Moves

By Christopher Romano  —  Jun 28 - 01:58 PM
  • NY opens near 1.1940 after a rally in Europe am, US$ buying ensues

  • US$ bought despite 10-yr yield US10YT=RR drop, eurodollar EDZ2 gains

  • EUR/USD hits a 4-session low, drops down to 1.19025 on EBS then bounces

  • US interest rate drops extend, helps bring out US$ sellers, EUR/USD lifts

  • EUR/USD nears 1.1940 before pulling back near 1.1925 late in the session

  • Techs are bearish; RSIs are falling, pair below the 10-DMA, daily cloud

  • EUR/USD faces multiple downside risks ahead of US jobs report nL2N2OA17S

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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