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Apr 05 - 03:55 PM

EUR/USD - Bulls Gain More Traction As Yields Slip

By Christopher Romano  —  Apr 05 - 02:07 PM
  • Pair bounces off 1.1738 EBS low just ahead of NY's open

  • US$ selling takes hold in early NY trade on upbeat risk sentiment

  • US 5- & 10-year yield gains erode, 5-yr yield eventually turns negative

  • Equities rally to record highs as broad based US$ selling takes hold

  • EUR/USD rallies sharply above the 10-DMA, nears 1.1820 late in the day

  • Rising RSIs, daily bullish outside candle gives techs a bullish lean

  • EUR/USD face the rising risk of a short squeeze nL1N2LY0RE

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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