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Oct 19 - 01:55 PM

EUR/USD - Fresh Session High After Powell Statement Release

By Christopher Romano  —  Oct 19 - 12:10 PM
  • EUR/USD rallied above 1.0615 on EBS after Fed Chair Powell's statement

  • Powell said the policy-setting committee is proceeding carefully

  • He said tightening of financial conditions may have policy implications

  • EUR/USD rallied away form the 10- & 21-DMAs, daily RSI lifted further

  • Monthly RSI & monthly bull hammer reinforce bullish daily signals

  • 1.0640/55 is an impediment for longs, if breaks 1.0740/60 in focus

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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