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Thomson Reuters
Feb 25 - 03:48 PM
EUR/USD - Erodes Some Gains But Consolidation Persists
First appeared on eFXplus on Feb 25 - 01:35 PM
  • Solid lift in Europe's morning on Fitch Italy rating & delayed China tariffs
  • NY cannot extend gains, UST yields & US$ gain for NY trading, USD/JPY leads
  • EUR/USD dips below 1.1340 but recovers a bit as EUR/JPY ralllies near 126.25
  • Consolidation of recent gains persists & 10-DMa supports, techs lean bullish
  • Powell's testimony & EZ data help tempers bulls for now nL1N20K0PL

chart: Click here

Source:
Thomson Reuters IFR Markets

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