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Sep 29 - 03:55 PM

EUR/USD - Dollar Move Lets Beats Tighten Their Grip

By Christopher Romano  —  Sep 29 - 02:04 PM
  • Dollar buying sinks EUR/USD in Europe am, NY opens near 1.1660

  • Despite equity, oil gains & drop in US rates US$ buying persists

  • EUR/USD falls further below the August monthly low during NY trading

  • US rates US10YT=RREDU2 then rally, US$ buying intensifies

  • EUR/USD breaks 1.1600 barrier, dips below 1.1595, sits nearby late in day

  • Techs remain bearish; RSIs falling, monthly bear engulfing candle in place

  • EUR/USD is on the precipice of a much deeper fall nL1N2QV1J1

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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