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TDUX
Apr 13 - 03:55 PM

EUR/USD - Early Losses Erased On Bullish Risk Shift

By Christopher Romano  —  Apr 13 - 02:00 PM

• NY opened near 1.1695 after 1.1659 traded overnight, 1.1680 was neared in early NY

• Buyers emerged as risk-off sentiment shifted and riskier assets rallied

• US yields , U$ turned lwoe ron the session; USD/CNH fell to 6.8204

• Stocks turned positive while gold & silver erased most earlier losses

• EUR/USD rallied above the daily cloud base then turned positive on the session

• 1.1739 traded before EUR/USD dipped slightly, sat near 1.1735 late, was up +0.08%

• Techs lean bullish; RSIs are rising, daily bull hammer formed, pair is above 200-DMA
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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