Derived Data That Drive Results
By John Noonan — Jun 07 - 07:15 PM
EUR/USD opens a few pips higher after bouncing from 1.0653 in NY session nL1N2XU231
USD tracking US yields, which eased on Tuesday nL1N2XU1JW
EUR/USD consolidating between the 21-day MA(1.0629) and key fibo at 1.0786
A break of either reading should determine next short-term trend
Consolidation may continue ahead of Thursday's ECB meeting
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Source:
Refinitiv IFR Research/Market Commentary
