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TDUX
Oct 27 - 03:55 PM
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EUR/USD - US Dollar, Yields Give Bears Traction

By Christopher Romano  —  Oct 27 - 01:44 PM

• NY opened near 1.1150 after 1.1177-1.1136 traded overnight

• Early rally toward 1.1155 met sellers as USD, US yields

rallied

• The pair then fell even as gold, silver, stocks rallied & USD/CNH neared 6.6635

• EUR/USD fell below 1.1140 during NY's afternoon, traded down -0.30%

• Techs are bearish; RSIs indicate downward momentum, pair below 10- & 21-DMAs

• Widening Bollinger bands reinforce the bearish tech signals
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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