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Aug 02 - 05:55 PM

EUR/USD - Fed, Geopolitics Give Shorts The Advantage

By Christopher Romano  —  Aug 02 - 01:50 PM
  • EUR/USD hit a 1-month high overnight, 1.0294 hit on EBS, pair then falls

  • US$, yen firm as risk sours on increased geopolitical tension nL1N2ZE04S

  • EUR/JPY hit 133.43 on EBS then bounced, EUR/USD broke the 10-DMA & Aug 1 low

  • EUR/USD neared the 21-DMA, hit 1.01725 on EBS late in the session

  • Techs lean bearish; daily RSI diverged, bear engulfing candle formed

  • EUR/USD longs can't avoid Fed, spread, risk, techs influences nL1N2ZE1ED

  • For more click on FXBUZ





Source:
Refinitiv IFR Research/Market Commentary

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