EUR/USD drifting higher; 1.4360 support reinforced

Author: Jamie Coleman | Category: News

While 1.4415/25 is proving a tough nut to crack 1.4360 is proving to be equally firm support.

I still like playing from the long-side near-term, especially as US yileds continue to dip on soft US data. A gradual decline works against the dollar while a sharp (ie “risk-off”) decline tends to support the buck. SO far, yield declines have been slow and accompanied by rising equities and commodities.

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