Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 27 - 11:55 AM

EUR/USD - Pre-Powell Dollar Sales Extend After Statement Released

By Christopher Romano  —  Aug 27 - 10:27 AM
  • EUR/USD falls to 1.1735 on EBS after slew of Fed speakers nL1N2PY169

  • Slide stalls then EUR/USD bounces, US interest rates & US$ begin sinking

  • EUR/USD rallies sharply roughly 10-minutesw ahead of Powell's statement

  • US$, interest rates fall further after Powell statements nS0N2PN004

  • EUR/USD hits 1.1802 (EBS), stalls near Aug 13 high & 23.6% Fib 1.2266-1.1664

  • Rally also stalls short of the 50-DMA, stops likely above those impediments

  • Daily techs lean bullish, RSI rising & pair above 10- & 21-DMAs

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!