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May 29 - 02:36 PM

EUR/USD - Safe-Haven Sales Help Put 1.1100 In Play

By Christopher Romano  —  May 28 - 02:30 PM
  • NY opens just below 1.1000, little reaction after US data nL1N2DA0VM

  • Equities, commodities then rally while USD/CNH falls toward 7.1540

  • Upbeat risk drives safe-haven sales of US$ & yen, EUR/JPY nears 119.40

  • EUR/USD rallies, breaks above the 50% Fib 1.1495-1.0636, daily cloud top

  • 1.1090 trades on EBS late in the day, little pull back from high seen

  • Bullish factors increase, help EUR/USD longs gain confidence nL1N2DA13J















eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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