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Jun 02 - 04:55 PM

EUR/USD - Bears Put On Defense Ahead Of Key US Employment Data

By Christopher Romano  —  Jun 02 - 01:50 PM
  • Asian buying carried over to Europe, NY opened near 1.0695, rally persisted

  • US rates softened slightly after data nL1N2XP0TE & US$ was sold broadly

  • Equities ESv1, commodities .TRCCRB gained as investors shunned safety

  • EUR/JPY rallied to 139.56 on EBS, USD/CNH dropped below 6.6560

  • EUR/USD climbed above the 10-DMA, neared the 55-DMA, hit 1.0748 on EBS

  • Virtually no pull back seen, pair holds near the high late in the session

  • Techs lean bullish; RSIs rising, long lower wick forms on the monthly candle

  • Risks from US May jobs data & its potential impact on Fed policies loom

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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