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Durables miss stems EUR/USD slide, but slammed again by Powell's comments

  • 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

  • Market Data
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