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Jun 01 - 03:55 PM

EUR/USD - Break Of May's High Has To Wait

By Christopher Romano  —  Jun 01 - 02:04 PM
  • EUR/USD sinks in Europe's am, NY opens near 1.2225, slide extends

  • 1.2216 trades on EBS but a sharp bounce ensues on US$ weakness

  • EUR/USD rallies to 1.22545 before those gains begin eroding

  • Equity, EUR/JPY gains erode, oil slips from its high, USD/CNH bounces

  • EUR/USD sinks towards NY's opening level, sits near 1.2230 late

  • Techs lean bullish, pair above 10-DMA & within bull channel on daily chart

  • Break of May's high seems probable, if done January's high targeted

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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