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Oct 19 - 03:55 PM

EUR/USD - Bears Play Defense But Could Reign In The End

By Christopher Romano  —  Oct 19 - 01:45 PM
  • China data, US stimulus hopes boost risk & EUR/USD overnight

  • NY opens near 1.1765 nL1N2HA0G4, equities gain & safe-havens sold

  • EUR/USD rally extends, trades to 1.1794 on EBS but bulls halted

  • Offers emerge near the 55-DMA as US$ & yen bids, equities fall

  • USD/CNH drop halts & oil gains fade; EUR/USD sinks from the high

  • Pair sinks towards 1.1780 late but holds most of the day's gains

  • Despite today's bounce bears seem confident nL1N2HA0PVnL1N2HA179

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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