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TDUX
Aug 11 - 04:55 PM

EUR/USD - Bulls Fail To Hold Onto Early Gains

By Christopher Romano  —  Aug 11 - 01:43 PM

• NY opened near 1.1535 after 1.1548-1.1532 traded in Asia & Europe

• The pair lifted early on USD, USD/CNH, US yield moves lower

• 1.1548 traded; upward moves in gold, silver, stocks aided the lift

• Sellers then emerged as USD firmed up while gold, silver & stocks turned down

• Oil gains also helped EUR/UDS turned lower on the session

• EUR/USD sat near 1.1535 late in the day, it traded down -0.06%

• Rising monthly RSI, pair's hold above 10-, 21- & 55-DMAs are bullish signals

• US July CPI is now inf focus, an upside surprise could send EUR/USD downward
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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