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TDUX
Jul 17 - 04:55 PM

EUR/USD - Bears Hold The Advantage In Quite Trading

By Christopher Romano  —  Jul 17 - 01:48 PM

(Corrects typo in line 4)

• NY opened near 1.1430 after 1.1452 traded overnight, the pair slid early

• USD rally, oil & USD/CNH gains pushed EUR/USD down to 1.1425

• The pair lifted when USD buying abated, stocks lifts & gold, silver rallied

• 1.1445 traded but the pair neared 1.1435 late as US yields

firmed up

• EUR/USD was down -0.08% in NY's afternoon but remained above the 10- & 21-DMAs

• Pair's hold below trend line off May 11 high, falling daily RSI are concerns for bulls
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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