By Christopher Romano — Nov 17 - 01:35 PM
NY opened near 1.0860 after 1.0825 hit on EBS overnight, rally extended
1.0896 hit despite US yield US2YT=RR, US10YT=RR lift after housing data
Wider German-US 2-year spread US2DE2=RR could not deter EUR/USD bulls
Broad based US$ sales, EUR/JPY rally off its 162.19 EBS low buoyed EUR/USD
EUR/USD traded up +0.35% late in the session which helped techs lean bullish
Consolidation of gains, RSIs, hold above 200-DMA highlight upside risks
November German Ifo and EZ mfg, non-mfg PMIs will be key risks next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary