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May 28 - 02:36 PM

EUR/USD - Wild Swings Lead To Indecision

By Christopher Romano  —  May 27 - 02:25 PM
  • NY opens below day's 1.10315 EBS high, EC proposal buoys nL1N2D90QO

  • EUR/USD begins falling as risk sours a bit & safe-haven buyers emerge

  • Equities erode gains, EUR/JPY trades from 118.90 to 118.15 on EBS

  • EUR/USD longs take some profit, pair trades down to 1.0955 on EBS

  • Risk rebounds though, stocks rally & US$ is sold, EUR/USD near 1.0990 late

  • Daily doji candle forms, suggests the market is indecisive for now

  • Longs to remain cautious on US-Sino tensions, EC proposal nL1N2D910Y















eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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