Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 24 - 11:55 AM

EUR/USD - Yields, Risk Sentiment Gives Longs Relief

By Christopher Romano  —  May 24 - 09:40 AM
  • Much of Friday's sharp fall reversed today as risk sentiment improves

  • Equities ESv1, oil LCOc1 rally while German yields bounce

  • DE-US yield spreads tighten and erode some of the US$ yield advantage

  • US$ sold broadly today, USD/CNH dips below 6.4200 in early NY

  • EUR/USD rallies toward 1.2220 in early NY, remains near session high

  • EUR/USD still consolidating gains & trades above 10- & 21-DMAs

  • Daily, monthly RSIs imply upside momentum; techs highlight upside risks

  • 1.2250 resistance remains key, stops likely above, if run 1.2350 targeted

  • For more click on FXBUZ

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!