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TDUX
Jun 16 - 04:55 PM

EUR/USD - Bulls Keep Control Ahead Of The Fed Risk

By Christopher Romano  —  Jun 16 - 02:11 PM

(Adds headline)

• NY opened near 1.1610 after 1.1575 traded overnight, pair fell in early NY

• USD buying helped drive the pair down to 1.1588; EUR/USD buying then emerged

• USD buying abated as US yields & oil added to losses

• Rallies in gold, silver & EUR/JPY helped EUR/USD rally to 1.1620

• The pair pulled back slightly, sat near 1.1610 late, traded up +0.19% late

• Rising daily RSI, pair's move above the 21-DMA are encouraging signs for bulls

• Fed risk Wednesday, investors to focus on Chair Warsh's policy leanings
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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