EUR / USD – Bears In Control Again After A Catching Their

Monday doji was only a pause, drop from April 29 peak resumes today

Sour risk sinks equities, rallies yen, EUR /  JPY falls to 131.16 (EBS)

German 10-year bund yield falls sharply, hits 3-session low

Broad based $ buying driven by risk-off, USD / CNH rallies near 6.4900

EUR / USD dips below the 21-DMA  , hits an 8-session low (1.1999 EBS)

Pair bounces to resistance near 1.2030 in early NY but the move is tepid

April 22 low (1.1994) is immediate support, stops likely sit below

Daily cloud top, 200-DMA targeted  should the slide resume and stops get run

Source:https://plus.efxdata.com/news/insights

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