By Christopher Romano — Jul 20 - 07:50 AM
Upbeat risk overnight rallied equities ESv1, commodities HGv1, yields
EUR/USD broke 38.2% Fib of 1.0787-0.9952, 10-day high of 1.0273 hit on EBS
EU's von der Leyen says cut of Russian gas a likely scenario nFWN2Z12YG
Risk sours; equities turn -ve, US$ & yen bought, USD/CNH pierced 6.7600
EUR/JPY turned -ve, hit 140.67 on EBS, EUR/USD fell to 1.0173 on EBS
Diverging daily RSI, Fibo resistance, falling monthly RSI are bear signs
Thursday's ECB meeting looms, range trade likely until the risk passes
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Source:
Refinitiv IFR Research/Market Commentary