Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jun 04 - 08:36 PM
EUR/USD - Maintains Upward Momentum After Dovish Fed-Speak
First appeared on eFXplus on Jun 04 - 06:45 PM
  • Fed Chair Powell comments interpreted as dovish nW1N22W006
  • Comments helped offset small bounce in US yields as risk assets recovered
  • EUR/USD tested 100-day MA at 1.1277 before pulling back
  • A close above 1.1280 targets double-top formed at 1.1324
  • Support at 55-day MA at 1.1218 and break would ease upward pressure
  • Focus may shift to Thursday's ECB meeting nL8N23B1ZD
  • Narrow range expected in Asia with focus on Tokyo EUR/JPY flows

eur/usd Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!