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Apr 21 - 11:55 AM

EUR/USD - PMI Rattles The Bulls

By Christopher Romano  —  Apr 21 - 10:00 AM
  • EUR/USD rallied to 1.0993 on EBS in early NY trading then fell

  • April S&P Global PMI surprises to the upside, highest in 11-months

  • US rates SRAU3 erased earlier losses, turned +ve; US$ rallied

  • EUR/USD turned negative and fell below the 10-DMA, hit 1.0954 on EBS

  • Daily RSI diverged on the 4-session high set earlier and is falling

  • April 17 daily low, 21-DMA supports in focus, break target 1.0830/50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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