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Derived real-time data in partnership with:
Thomson Reuters
Feb 07 - 03:48 PM
EUR/USD - Downside Remains Vulnerable
First appeared on eFXplus on Feb 07 - 01:35 PM
  • Big downside misses to German & Spanish IO data sink EUR/USD into NY's open
  • Broad US$ bid adds weight, new short-term low set as NY gets going
  • Slide stalls & losses erode, drop in UST yields, US$ & stocks boost EUR/USD
  • Bounce sees pair near daily cloud base but techs still lean bearish
  • Daily & monthly RSIs are biased down & pair below slew of daily MAs
  • Bearish factors compound for EUR/USD, supports threatened nL1N2020OU

chart: Click here

Source:
Thomson Reuters IFR Markets

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