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Jun 26 - 06:55 AM

EUR/USD - Up On The Day, Up On The Week But Fragile

By Peter Stoneham  —  Jun 26 - 05:45 AM
  • Month-end dealing and likely pick up in chop could cloud direction

  • Steep Wed-Thurs slide arrested and EUR still up on the week

  • Frid action subdued but a nervous bid just keeping EUR out of trouble

  • Dollar demand both month-end and haven driven could weigh on EUR/USD

  • Equities have had another positive month TD: rebalancing in the equation

  • A EUR close back above 1.1224 (EBS) weekly cloud top might ease pressure

  • Thurs 1.1190 low the important support into the weekend








EUR/USD daily candle chart: Click here

EUR/USD weekly candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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