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Jan 03 - 04:55 PM

EUR/USD - Shorts Take The Lead To Start The Year

By Christopher Romano  —  Jan 03 - 01:47 PM
  • EUR/USD falls below the daily cloud top in Europe's am, NY opens near 1.3600

  • US rates US10YT=RREDM2 rise, helps drive broad based US$ buying

  • Yen sought after to begin the year, drives EUR/JPY down to 130.05 on EBS

  • EUR/USD falls below the 10- & 21-DMAs, slide extends to 1.12795 on EBS

  • Selling halts as US$ buys abate but EUR/USD down near -0.64% on the session

  • Techs lean bearish; RSIs falling, bear pennant forming on daily charts

  • Fed, rates, techs should keep EUR/USD downside risks intact nL1N2TJ0XX

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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