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Thomson Reuters
Jul 11 - 02:36 PM
EUR/USD - Resilient Dollar Trumps ECB Sources
First appeared on eFXplus on Jul 11 - 12:20 PM
  • NY opens with EUR/USD sliding towards the 10-Day SMA, sharp rally takes hold
  • ECB sources note some division over when 2019 ECB hike will be coming
  • DE-US spreads tighten as sources are taken hawkish, EUR/USD nears 1.1760
  • Rally erodes as US$ goes broadly bid, USD/JPY leads the charge on stop run
  • EUR/USD sinks below the daily cloud base and nears the day's low
  • Daily RSI biased down & l-t consolidation remains, suggests lower levels due

chart: Click here

Source:
Thomson Reuters IFR Markets

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