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EUR/USD heavy as spreads widen & daily RSI weighs

Source: Thomson Reuters


  • EUR/USD remains heavy post-US data, USD slip not impressive, broad based bid still extant

  • Spreads widen & daily RSI weighs, 10-DMA crossing below 21-DMA, supports bears

  • 1.0550/60 is key short-term support, break likely sees stops run

  • Beyond that area pair has little support until the 2015 low (1.0457)

  • Above 1.0710/30 eases short-term bear pressure 

  • Market Data
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