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TDUX
Jul 07 - 03:55 PM

EUR/USD - US Dollar, Yields And Oil Help Bears Gain Traction

By Christopher Romano  —  Jul 07 - 01:39 PM

• NY opened near 1.1435 after EUR/USD hit 1.1449 overnight, the pair lifted early

• Softer US dollar, US yields & upward moves in gold, silver & stocks lifted EUR/USD

• 1.1442 traded but sellers then emerged and the pair fell to 1.1418

• Rally in oil, USD/CNH & firmer USD, US yields helped to weigh down EUR/USD

• The pair bounced &neared 1.1425 late, it traded down -0.15% in NY's afternoon

• Falling daily RSI and pair's hold below the 21-DMA may be worries for EUR/USD bulls
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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