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Jun 24 - 03:48 PM
EUR/USD - Lack Of Downside Pressure Concerns Shorts
First appeared on eFXplus on Jun 24 - 01:35 PM
  • German IFO downbeat but mostly above consensus, EUR/USD buoyed
  • Dallas Fed June mfg index falls again , US$ trades heavy
  • EUR/USD range tight in NY but US$ sales lead to 1.1400 barrier break
  • Techs are bullish, RSIs rise & not overbought, pair above 200-DMA
  • EUR/USD shorts nervous as they face growing upside risks

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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