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Jul 12 - 03:55 PM

EUR/USD - Bulls Put Up A Good Fight Ahead Of Parity

By Christopher Romano  —  Jul 12 - 01:35 PM
  • EUR/USD fell to a fresh 20-year low Tuesday, 1.00005 was hit on EBS

  • EquityESv1, commodityLCOc1, EUR/JPY drops & spreads US2DE2=R weigh

  • Bids defending 1.0000 barrier stem the slide, improved risk drives a bounce

  • Stock bounce, EUR/JPY bounce off its 137.025 EBS low help lift EUR/USD

  • Pair neared 1.0075 before dipping toward 1.0055 late in the session

  • Daily RSI diverged, daily bull hammer formed, implies risk of a squeeze

  • EUR/USD holds parity but potential break looms nL1N2YT15C

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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