Euro Rally May Prove Fleeting With Dollar Headwinds Priced In

(Bloomberg) — The euro had its best week in more than a decade and that may be as good as it gets. Further gains could be hard to materialize as markets stabilize, with the dollar’s headwinds now largely priced in.Options traders see a near-term advance for the greenback, which often acts as a haven during crises, with the pandemic still raging. Meanwhile, the technical picture for the euro has become nuanced, with Fibonacci levels suggesting rallies may be capped, even as the relative strength index and Bloomberg’s fear-greed indicator hint at further gains.Add that quarter-end flows are seen as greenback-supportive …read more

Source:: Yahoo Finance


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