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Thomson Reuters
May 08 - 03:48 PM
EUR/USD - On Familiar Ground As Investors Await Trade Clarity
First appeared on eFXplus on May 08 - 01:45 PM
  • Pair buoyed in early NY on upbeat DE data & soft US rates
  • Rally in equities & Trump tweet regarding trade nL3N22K3UH help lift pair
  • Lift stalls short of 1.1215, slide takes hold, UST yield rally helps weigh
  • EUR/USD nears 1.1185 before lifting back above 1.1190 late in the session
  • Tech view is muddied, RSIs neutral, Apr & May dojis suggest indecision
  • Pair resilient despite bear risks, shorts should be concerned

chart: Click here

Source:
Thomson Reuters IFR Markets

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