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Sep 22 - 03:55 PM

EUR/USD - Longs Remain On Defense

By Christopher Romano  —  Sep 22 - 01:35 PM
  • Pair bounces from 1.1720 in Europe am as equities, oil bounce slightly

  • NY opens near 1.1760, sellers emerge on US$ buying, oil drop nL2N2GJ0FY

  • Yen buying drives EUR/JPY to 122.69 (EBS), help send EUR/USD lower

  • Pair slips below 55-DMA, daily cloud top & nears a key Fibo nL2N2GJ1AB

  • Virtually no bounce is seen, EUR/USD hovers above session low late in day

  • Bears look to 1.1500 if key support breaks nL2N2GJ1AB

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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