eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Aug 06 - 08:55 AM

EUR/USD - Marginal New High Struck Then Bulls Pull Back

By Christopher Romano  —  Aug 06 - 07:15 AM

• 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)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
© 2026 eFXdata · All Rights Reserved
!