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Nov 01 - 01:55 PM

EUR/USD - Longs Struggle Above The Cloud Again

By Christopher Romano  —  Nov 01 - 11:55 AM
  • EUR/USD rallied above the 10- & 55-DMAs and daily cloud top overnight

  • 0.9954 was then hit on EBS in early NY but gains were then erased

  • US rates EDH3 & dollar rallied after data nS0N31C03FnAQN1ZXCH6

  • EUR/USD fell below the 10- & 55-DMAs & broke Monday's low, 0.98585 traded

  • Daily RSI turned down again & a daily gravestone doji candle formed

  • Investors now focus on Fed meeting & Fed Chair Powell's presser that follows

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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