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TDUX
Jun 30 - 04:55 PM

EUR/USD - Bears Failed To Hold Onto Their Gains

By Christopher Romano  —  Jun 30 - 02:07 PM

• NY opened near 1.1400 and fell below 1.1390 early but buyers then emerged

• Pair broke 1.1405 despite firmer US yields , wider spreads

• Rally intensified as the USD was sold during the fix & EUR/JPY rallied to 185.84

• Gains in gold, silver, equities & the drop in USD/CNH helped fuel EUR/USD's lift

• The pair hit 1.1437 then neared 1.1425 late, the pair was near flat late in the day

• Daily long legged doji formed, suggests EUR/USD bears are losing strength
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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