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Jun 02 - 03:55 PM

EUR/USD - Bears, Bulls Battle But Result Is Indecision

By Christopher Romano  —  Jun 02 - 01:57 PM
  • Downbeat DE sales nAPN06ZC00, US$ bid sink EUR/USD in Europe morning

  • Pair nears the 21-DMA, hits 1.2163 on EBS, low hit just as NY trading begins

  • Bounce ensues though as US rates soften, US$ buys fade, equities & oil gain

  • EUR/USD rallies back above the 10-DMA, sits near flat late in the session

  • A daily doji candle forms, doji candle suggests investors are indecisive

  • ECB, US jobs data could leave EUR/USD range bound for now nL2N2NK1AJ

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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