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TDUX
Oct 23 - 03:55 PM
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EUR/USD - Bears Leaned On Soured Risk

By Christopher Romano  —  Oct 23 - 01:43 PM

• NY opened near 1.1190, the pair rallied early on early NY USD selling

• USD buying them emerged however and US yields moved upward

• Gold, silver and equities moved down to reinforce the USD buying

• Significant gains in oil helped to weigh down the euro

• EUR/USD slid and sat near 1.1190 late in the day, it traded down -0.21%

• Falling RSIs and EUR/USD's hold below 10- & 21-DMAs are bearish tech signs
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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