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TDUX
Aug 20 - 04:55 PM

EUR/USD - US Dollar, Yields Scare Off The Bulls

By Christopher Romano  —  Aug 20 - 02:01 PM

• EUR/USD rallied 1.1670-1.1710 overnight, NY opened near that high

• The pair fell in NY on broad-based USD buying, US yield

gains

• EUR/USD neared the overnight low then rallied on gold, silver, stocks up moves

• 1.1695 was neared but the bounce faded and the pair fell to 1.1670

• Persistent USD buying, USD/CNH lift off its low, drop in stocks weighed

• EUR/USD sat just below 1.1680 late, it traded down -0.05% in NY's afternoon

• Daily RSI diverged on the 3-month high & a daily gravestone doji candle formed

• Rising monthly RSI, hold above the 200-DMA give bulls some comfort
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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