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Dec 29 - 01:55 PM

EUR/USD - US Rates, Dollar Slides Give Longs The Advantage

By Christopher Romano  —  Dec 29 - 01:25 PM
  • EUR/USD rallied from 1.0612 EBS low in Europe's a.m., NY opened near 1.0635

  • US rates EDZ3, US$ weakened after jobless claims report nL1N33I0WA

  • Risk-on sentiment helped drive equities ESv1, commodities XAU= up

  • USD/CNH fell toward 6.9740 before bouncing back above 6.9800

  • EUR/USD broke the Dec. 28 high, hit a 10-session high of 1.0690 on EBS

  • Techs are bullish; RSIs rise, pair above 10-DMA, 38.2% Fib 1.2349-0.9528

  • For more click on FXBUZ







Source:
Refinitiv IFR Research/Market Commentary

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