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Apr 29 - 01:55 PM

EUR/USD - Emerging Signs Sow Doubts For Longs

By Christopher Romano  —  Apr 29 - 11:48 AM
  • EUR/USD rallies to 2-month high on upbeat risk, broad based US$ sales

  • Pair trades to 1.2150 (EBS) then stalls, gains then begin eroding

  • US rate complex rises on UST 10-yr yield rally, eurodollar price drop

  • US$ buying takes hold, EUR/USD turns -ve, sinks towards 1.2100

  • Daily techs lean bearish; inverted hammer forms, RSI diverges on the high

  • Daily techs imply correction risk is growing; monthly techs remain bullish

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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