eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Oct 12 - 08:55 AM
–

EUR/USD - Rallies Continue To Be Sold

By Christopher Romano  —  Oct 12 - 07:12 AM

• EUR/USD rallied to 1.1217 in Asia, sellers emerged, the pair then turned lower

• NY opened near 1.1175, a fresh session low, the pair was down -0.23%

• USD buying, US yield gains weighed on the pair

• Wider German-French yield spreads added weight

• Gains in oil & drops in gold , silver also weighed on EUR/USD

• Techs are bearish; pair is below the 10-DMA, RSIs indicate downward momentum

• Widening Bolli bands, consolidation of drop from Sep. 25 high add to bear signs
eurusd


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

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved