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EUR/USD dips below 10 & 21-DMAs after US data

Source: Thomson Reuters EUR/USD slips below 10 & 21-DMAs after US data Bearish follow through limited, EUR net shorts at record so any downside likely grinds rather than sprints Yield spreads weigh a bit & RSIs add some …

By Jay L. Zagorsky
1 min read
EUR/USD dips below 10 & 21-DMAs after US data
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Source: Thomson Reuters


  • EUR/USD slips below 10 & 21-DMAs after US data

  • Bearish follow through limited, EUR net shorts at record so any downside likely grinds rather than sprints

  • Yield spreads weigh a bit & RSIs add some pressure, 1.06-1.10 likely defines range for now 

  • Price might mirror late-Jan/early Feb, big drop then hug 10 & 21-DMAs

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