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Thomson Reuters
Nov 26 - 03:48 PM
EUR/USD - Gains On Italy News Cannot Hold In NY
First appeared on eFXplus on Nov 26 - 01:30 PM
  • New on possible adjustment to Italy's budget buoys EUR/USD early
  • Gains fade though, German IFO downside miss & Draghi comments weigh a bit
  • Draghi notes recent data has been weaker than expected
  • UST yields rise while US$ is bought across the board in NY
  • EUR/USD gives up gains & turns negative, nears Nov 16 low late in the day
  • Techs favor bears, RSIs slip, pair below 10-&21-DMAs, inverted hammer forms

chart: Click here

Source:
Thomson Reuters IFR Markets

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