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EUR/USD back near high, daily RSI turns from oversold

Source: Thomson Reuters EUR/USD back near high, daily RSI turns from oversold, aids bulls EUR/USD had been firm before data, miss sees 1.0640 stops hit, spreads aid further squeeze DE-US 2yr yield spreads at tightest sin…

By Jay L. Zagorsky
1 min read
EUR/USD back near high, daily RSI turns from oversold
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Source: Thomson Reuters


  • EUR/USD back near high, daily RSI turns from oversold, aids bulls

  • EUR/USD had been firm before data, miss sees 1.0640 stops hit, spreads aid further squeeze

  • DE-US 2yr yield spreads at tightest since March 6 after soft US house data 

  • HF seller ahead of 1.0650 allows a dip but EUR shorts still large

  • If Fed stays 'patient' recent lift likely persists, 1.0715/35 & 1.0835/55 then eyed 

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By FxWirePro Team