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Dec 28 - 04:55 PM

EUR/USD - Shorts Reign In Thinly Traded Market

By Christopher Romano  —  Dec 28 - 01:15 PM
  • NY opened near 1.1120 after 1.11395 traded on EBS in Europe's morning

  • Pair's slide extended as the US$ was buoyed on US yield US2YT=RR lift

  • Increased US$ yield advantage over euroUS2DE2=RR, goldXAU= drop weighed

  • USD/CNH lift off its 7.1011 D3 low also helped EUR/USD sink in NY

  • EUR/USD hit 1.10665 on EBS, traded down -0.28% late in the session

  • Diverging daily RSI, daily inverted hammer candle are concerns for longs

  • Rising monthly RSI, monthly bull hammer gives longs some comfort

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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