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Feb 06 - 03:55 PM

EUR/USD - Shorts Reign As Risk From Fed's Powell Approaches

By Christopher Romano  —  Feb 06 - 01:35 PM
  • EUR/USD lifted to 1.0783 on EBS in early NY but then hit a 1-month low

  • US rate EDZ3 gains buoyed the dollar; USD/CNH rallied toward 6.8100

  • Equities ESv1 fell which reinforced risk-off sentiment, US$ buys

  • EUR/USD struck 1.0709 on EBS and sat near 1.0720 late in the session

  • Techs are bearish; pair below 10- & 21-DMAs and RSIs are sinking

  • February's monthly inverted hammer candle reinforces the bearish signals

  • Fed's Powell interview with Econ. Club of Washington Tues. is a risk

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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