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Apr 19 - 03:55 PM

EUR/USD - Consolidation Persists Due To Yen, Dollar Influences

By Christopher Romano  —  Apr 19 - 02:00 PM
  • EUR/USD hit 1.0815 in Europe's am, NY opens near 1.0790, tight range for NY

  • US rate rises US10YT=RREDM3 help drive broad based US$ buying

  • Yen sales rallied EUR/JPY to a 7-year high, 139.06 trades on EBS

  • EUR/USD buffeted by yen, U$ influences, helps to keep consolidation intact

  • 1.0800 area in EUR/USD remains magnetic but techs highlight downside risks

  • Monthly RSI is falling, EUR/USD trading under the falling 10-DMA

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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