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Jul 25 - 05:55 PM

EUR/USD - Enegry Concerns Help Wipe Out Gains

By Christopher Romano  —  Jul 25 - 01:45 PM
  • EUR/USD traded 1.0179 on EBS in Europe, NY opened near 1.0235 then lifted

  • Risk-on drove equitiesESv1, commoditiesHGv1 and EUR/JPY higher

  • EUR/USD traded to 1.0258 on EBS but the rally could not be sustained

  • Gazprom new halt of gas supplies nL1N2Z617F drove the euro lower

  • EUR/USD traded down to 1.0204 on EBS and sat near 1.0218 late in the day

  • Techs are mixed; consolidation ongoing, 21-DMA & 38.2% Fib 1.0787-0.9952 cap

  • EUR/USD primed for gains but will need the Feds help nL1N2Z60YG

  • For more click on FXBUZ














Source:
Refinitiv IFR Research/Market Commentary

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