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
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Source:
Refinitiv IFR Research/Market Commentary