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Feb 18 - 03:55 PM

EUR/USD - Bulls Seem Cautiously Optimistic

By Christopher Romano  —  Feb 18 - 01:39 PM
  • Broad based US$ weakness lifts EUR/USD in Europe am, NY opens near 1.2070

  • Rally extends to 1.2090 (EBS), pair drops after claims data nAQN03TGNS

  • Despite downbeat data US 10-yr yield rallies, takes US$ higher with it

  • USD/CNH rallies above 6.4700, helps drive EUR/USD down near 1.2060

  • US$ buying abates as 10-yr yields slips from the session high

  • EUR/USD rallies, helped by equity bounce, climbs back near 1.2085 late

  • Techs are mixed, bulls need above 10 & 21-DMAs, Feb 17 high for more control

  • EUR/USD longs need help from US yields for rally to resume nL1N2KO1SU

  • For more click on FXBUZ

eur/usd Click here

Refinitiv IFR Research/Market Commentary


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