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Thomson Reuters
Jul 09 - 03:48 PM
EUR/USD - Tech View Shifts On Reversal Of Fortunes
First appeared on eFXplus on Jul 09 - 02:10 PM
  • New s-t high set but all gains erased, pair near flat at end of day
  • Gains above 76.4 FIb of 1.1853-1.1508 & 55-DSMA were not sustained
  • US$ reverses early losses; goes broadly bid as UST yields rally
  • EUR/USD slide from high results in a long upper wick on the daily candle
  • Doji candle also forms, daily techs might warn that s-t lift is complete
  • German July ZEW is a key data risk Tuesday; -18.0 f/c vs. prior -16.1

chart: Click here

Thomson Reuters IFR Markets


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