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Thomson Reuters
Jun 29 - 07:24 AM
EUR/USD - Month-End Demand Lifts EUR/USD But 21-DMA Holds For Now
First appeared on eFXplus on Jun 29 - 05:45 AM
  • EU migrant deal sparks a relief rally boosting EUR/USD in Asia nL1N1TV04U
  • Pair's rise falls shy of the influential 21-DMA at 1.1670 (Asia best 1.1667)
  • EUR/USD initially weighed in Europe by weak German retail sales, fell 2.1%
  • Pair dips to 1.1613 then inches back up to 1.1663 on month-end demand
  • Including energy euro zone inflation rises to 2% yy, ex-energy prices ease
  • Over 21-DMA exposes stops over Jun 26 high 1.1726, target Jun 14 high 1.1853

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