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EUR/USD 1.0775/95 resistance in play after soft US data

Source: Thomson Reuters


  • US yields & USD lower after another round of softer US data 

  • EUR/USD in 1.0775/95 resistance zone as UST-bund yield spreads narrow 

  • 50% Fib of 1.1036-1.0521,Apr 9 high, 21-DMA sit there

  • RSI biased up so momentum with bulls, Fed speakers later, may strike dovish tone as US data lacks sparks

  • Pair could target  ~1.0885/90 if it edges above 1.0795 

  • Market Data
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