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Aug 10 - 04:55 PM

EUR/USD - Upbeat Risk, Yen Sales Cannot Help EUR/USD Longs

By Christopher Romano  —  Aug 10 - 01:45 PM
  • EUR/USD falls from 1.17425 EBS high in Europe am, NY opens near 1.1725

  • Global growth concerns weigh down euro against most ccys nL1N2PH0XT

  • EUR/USD falls despite gains in stocks ESv1, oil LCOc1 & EUR/JPY

  • EUR/USD trades 1.1710 after piercing April's low, meager bounce ensues

  • Pair trades to 1.1725, US$ bid helps stall the lift, pair near 1.1715 late

  • Techs are bearish, RSIs fall, EUR/USD holds below the 10- & 21-DMAs

  • Key supports may break regardless of US CPI result nL1N2PH17Y

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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