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Sep 20 - 06:55 AM

EUR/USD - It's Very Unlikely EUR/USD Can Sustain A Rise Above 1.0100

By Jeremy Boulton  —  Sep 20 - 04:45 AM
  • EUR/USD earlier rose to 1.0051 EBS

  • Pair subsequently drops to 1.0000 after dismal c/a data nL1N30R0IA

  • Top 20-day Bollinger bands is 1.0087 and 55-DMA is 1.0099

  • Traders reduced shorts by 87% after ECB hiked & ahead Fed's Sep 21 decision

  • Fed set to hike 75bps tomorrow and unlike ECB reducing size balance sheet

  • The euro has reached a critical level nL1N30R0J0

Source:
Refinitiv IFR Research/Market Commentary

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