Derived Data That Drive Results
First appeared on eFXplus on Nov 27 - 01:25 PM
EUR/USD falls toward Nov's 1.0989 low on US data beats nL1N2870GS
Saw a modest bounce on personal income, core PCE misses nL1N2870QZ
But solid spending, strong core durables orders, claims bolster USD
Close below 61.8% of Oct's rise & Nov. 14 low @1.0994/89 is a sell
Related USD index also on cusp of bullish breakout nL1N2870SP
Record low EUR/USD vols, sedate VIX, soaring stocks favour EUR shorts
A sub-1.0989 close would target the 76.4% Fibo at 1.0950 next
Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
