By Christopher Romano — May 23 - 01:35 PM
EUR/USD extended its overnight slide in NY, pair opened near 1.0780
An early rally toward 1.0795 met sellers, fell ensued with data help
Equity ESv1 drop & US rate SRAU3, USD/CNH gains weighed on EUR/USD
EUR/USD hit 1.07605 on EBS, neared 1.0775 after US Treasury 2-yr auction
Techs are bearish; RSIs are falling, EUR/USD traded below the daily cloud
German May Ifo & minutes of Fed's May 2-3 meeting are risks Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary