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Nov 16 - 03:55 PM

EUR/USD - Bulls Lose Traction Despite Buoyed Risk

By Christopher Romano  —  Nov 16 - 01:35 PM
  • EUR/USD sets 5-day high in Europe's am, 1.1869 (EBS) trades but slide ensues

  • NY opens near 1.1825, pair lifts near 1.1850 on Moderna vaccine nL1N2I216X

  • Sellers emerge, EUR/USD dragged lower as EUR/JPY falls from 124.44 EBS high

  • EUR/USD hits to 1.18145 (EBS); bounces, nears 1.1835 & flat late in the day

  • Daily doji candle forms, daily RSI diverges, should be concerns for longs

  • ECB rhetoric, price action should concern EUR/USD longs nL1N2I21C3

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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