eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• EUR/USD hit a fresh 1-1/2-month high, 1.1560 traded, sellers then emerged
• The pair turned lower, 1.1537 traded in Europe, NY opened near 1.1545, down -0.08%
• Firm US yields , USD buying & USD/CNH rally to 6.7518 weighed
• Daily RSI diverged on the high, could be a warning sign for EUR/UD bulls
• Rising monthly RSI, pair's hold above 10-, 21- & 55-DMAs are bull signs however
• US jobless claims, Q2 unit labor costs are data risks in NY's morning
• Investors more likely focused on tomorrow's July US
payroll report though
eurusd

(Christopher Romano is a Reuters market analyst. The views
expressed are his own)