Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 08 - 09:55 PM

EUR/USD - Stronger USD Weighs As Stocks And Sentiment Slide

By Andrew M Spencer  —  May 08 - 08:30 PM

  • -0.2% as U.S. dollar firms with E-mini S&P off 1%, but UST yields steady

  • G7 leaders pledge further economic isolation of Russia nL2N2X00C5

  • Appears that the Ukraine-Russia conflict will weigh on EU economy long term

  • Charts; 10 & 21 daily, weekly and monthly moving averages track south

  • 21 day Bollinger bands and daily momentum studies head lower

  • Bearish setup targets the long term 1.0340 low in January 2017

  • Close above 1.0691 21 day moving average would end the downside bias

  • 499 MLN 1.0520 strikes and early Asian 1.0565 high first support resistance

For more click on FXBUZ


eur May 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!