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TDUX
Nov 06 - 08:55 AM
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EUR/USD - Bears Lean On US Dollar, Yield Influences

By Christopher Romano  —  Nov 06 - 07:12 AM

• EUR/USD rallied to 1.1234 overnight, sellers emerged, the pair turned lower

• US yield gains helped to drive broad-based USD buying

• Gold's drop & gain in oil and USD/CNH added weight on EUR/USD

• The pair fell below the 10- & 21-DMAs, hit a 4-session low of 1.1167

• NY opened near 1.1175, EUR/USD traded down -0.40% in early NY action

• Techs lean bearish; daily RSI is falling, monthly gravestone doji candle in place

• US Oct. jobs report, Nov. University of Michigan survey are data risks in NY
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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