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Thomson Reuters
Jul 30 - 09:48 PM
EUR/USD - Opens Close To Upper End Of Pennant
First appeared on eFXplus on Jul 30 - 06:45 PM
  • EUR/USD opens Asia 0.39% higher after 4 BP rise in 10-year Bund yields
  • Market eyeing pennant formation in EUR/USD as the parameters narrow
  • Upper end of pennant now at 1.1734 with base of pennant at 1.1601
  • BOJ decision today could have big impact in global yields and FX in general
  • If BOJ tweaks 10-year JGB YCC it could push Bund yields and EUR/USD higher
  • EUR/USD support 1.1680/90 where 10, 21 & 55-day MAs converge

eur/usd Click here

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