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EUR/USD pares earlier gains, wider yield spreads weigh

Source: Thomson Reuters EUR edged higher on Greek headlines earlier but gains fade, US claims miss can't lift Wider yield spreads keep weight on, chop to persist, broad 1.0625/1.0850 range to hold Leveraged buys USD, eas…

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EUR/USD pares earlier gains, wider yield spreads weigh
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Source: Thomson Reuters


  • EUR edged higher on Greek headlines earlier but gains fade, US claims miss can't lift

  • Wider yield spreads keep weight on, chop to persist, broad 1.0625/1.0850 range to hold 

  • Leveraged buys USD, east European CB sells EUR/USD, weigh on pair

  • Long upper/lower wicks on day candles support that view

  • Little EZ data to drive, US durables tomorrow might impact

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