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Thomson Reuters
Jul 10 - 03:48 PM
EUR/USD - Market Shows Lots Of Indecision
First appeared on eFXplus on Jul 10 - 02:00 PM
  • Broad US$ bid & UST yield lift send pair near Monday's 1.16805 EBS low
  • Greenback's lift stalls while JPY weakens, EUR/JPY rallies, EUR/USD follows
  • EUR/USD nears flat on late in the day, 2nd doji in as many days forms
  • Dojis suggests market is indecisive, consolidation of recent gains likely
  • Bulls need close above 76.4 Fib of 1.1853-1.1508 & 55-DSMA to resume rally
  • Eurozone data, Italian & German politics might temper bulls nL1N1U60KV
  • Speeches by ECB's Draghi, Praet, Nouy and Mersch are risks Wednesday

chart: Click here

Source:
Thomson Reuters IFR Markets

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