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Mar 28 - 03:55 PM

EUR/USD - Bears Halt The Charge As US PCE Is In Focus

By Christopher Romano  —  Mar 28 - 01:35 PM
  • EUR/USD hit 1.0775 on EBS in Europe's morning, NY opened near 1.0790

  • Pair neared 1.0820 after US yields US2YT=RR softened & US data released

  • USD/CNH pull back from high, equity gains & gold rally also buoyed EUR/USD

  • EUR/USD slid, sat just below 1.0800 late as yields, US$ firmed up again

  • Long lower wick formed on daily candle but pair sat below the daily cloud

  • Monthly gravestone doji candle, falling daily RSI are bearish signals

  • Japan March CPI Tokyo, US Feb. PCE are key risks for Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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