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Jun 20 - 03:55 PM

EUR/USD - Dip Buyers Emerge, Three Day High Hit

By Christopher Romano  —  Jun 20 - 01:34 PM

(Corrects headline to "three day high hit")

• NY opened near 1.1525 after pair rallied in Asia and Europe trading hours

• Pair fell toward 1.1495 on US$ buying, firm US yields

• EUR/USD buyers emerged, pair turned positive, 1.1544 traded on EBS

• Halt in US$ buying, softer US yields, gold rally & drop in equities buoyed EUR/USD

• A three session high traded which helped technicals highlight upside risks

• Rising daily, monthly RSIs, hold above 10-DMA, rally after May doji are bull signals

• US weekly claims, May PCE, Fed's Powell's testimony to congress are risks next week
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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