Durables miss stems EUR/USD slide, but slammed again by Powell's comments
Tuesday, June 23, 2015 12:53 PM UTC
- Headline & core US durable goods for May miss
- EUR/USD bounces off the 21-DMA, lifts above 1.1200 but bounce fades
- Fed's Powell leans hawkish, notes forecast for hikes in Sep & Dec
- EUR/USD slammed as USD sees broad based rally, pair through the 21-DMA as spreads go further in USD's favor
- Needs above 1.1285 & 200-HMA to ease short-term bear pressure
- Long-Term still bearish, bear pennant on monthly. once complete new lows likely