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Nov 15 - 01:55 PM

EUR/USD - Rally Sellers Rule The Roost With The ECB's Help

By Christopher Romano  —  Nov 15 - 12:35 PM
  • EUR/USD rallied overnight, sellers emerge at the 1.1464 EBS high however

  • Pair slowly falls from the high, slide intensifies during NY trading

  • ECB's Lagarde nIfp349rS5, DeGuindos nS8N2MM058 comment on inflation

  • Comments help weigh down the euro again most major currencies

  • EUR/USD breaks Friday's low & psychological 1.1400 support level

  • Pair falls to 1.1380 on EBS before a slight bounce takes hold

  • Falling daily, monthly RSIs imply further downside is likely

  • Investors who missed selling the rally likely have to lower their offers

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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