Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 16 - 07:55 AM

EUR/USD - Little Cheer For EUR/USD Traders Who Continue To Buy

By Jeremy Boulton  —  May 16 - 05:40 AM
  • As expected Eurozone Q1 GDP 0.1% qq and 1.3% yy

  • EZ ZEW expectations -9.4 in May from 6.4 in April

  • German ZEW -10.7 in April vs -5.3% f/c and prior 4.1

  • EUR/USD rises to 1.0904 EBS session high following data

  • May 16 range 1.0863-1.0904, May range 1.0845-1.1092

  • Bounce follows drop below base 20-day Bollinger bands - oversold

  • There are many EUR/USD traders who must sell nL1N37D0J9

  • FX traders should worry about the crowded dollar short nL1N37D0N9

  • More cash heads towards Central and Eastern Europe nL1N37D0O3

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!