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Sep 16 - 02:36 PM
EUR/USD - Dollar Gains, Trend Line Corrals Bulls Ahead Of The Fed
First appeared on eFXplus on Sep 16 - 08:50 AM
  • US$ broadly bid, Saudi facility attack gives US$ some safe haven flows

  • Trend line off June high limits the topside, second time in as many days

  • EUR/USD slides below 10 & 21-DMA despite tighter DE-US yield spreads

  • Monthly doji forming, monthly RSI rises, daily RSI falls,suggests indecision

  • Investors unlikely to move pair aggressively before Wednesday's Fed meeting

  • Fed cut expectations pared back FEDWATCH but 25bps cut very likely on Wed.

  • If Fed takes a dovish stance US$ should sink & EUR/USD likely rallies

chart: Click here

Refinitiv IFR Research/Market Commentary


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