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Aug 13 - 03:48 PM
EUR/USD - Downside Risks Emerge But Consolidation Persists
First appeared on eFXplus on Aug 13 - 01:40 PM
  • Pair firm in early NY despite weak DE ZEW & lower bund yields
  • US core CPI (m/m & y/y0 above f/c; UST yields & US$ rally
  • EUR/USD slides on CPI, slide deepens on US-Sino trade news
  • 21-DMA pierced on downside risks but 10-DMA & .1160 support left untouched
  • Despite bearish risks EUR/USD's downside not guaranteed

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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