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EUR/USD sees slight bounce after Empire miss

EUR/USD gains slightly after Empire miss, old support near 1.1340 caps the bounce Some support into 1.1300 then by the 10-DMA, larger in 1.1220/50 zone Yield spreads widen a bit & daily charts suggest more downside, Sub-…

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  • EUR/USD gains slightly after Empire miss, old support near 1.1340 caps the bounce

  • Some support into 1.1300 then by the 10-DMA, larger in 1.1220/50 zone

  • Yield spreads widen a bit & daily charts suggest more downside, Sub-1.1050 dents rally off 2015 low 

  • Daily RSI diverged May 14 & now biased down, monthly still bullish though 

  • Talk reserve names look to buy dips, test above 1.1500 still in the cards 

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