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Feb 23 - 03:55 PM

EUR/USD - Powell Eases Some Jitters But Investors Seem Indecisive

By Christopher Romano  —  Feb 23 - 01:49 PM
  • Pair falls from 1.2180 EBS high in Europe am, NY opens near 1.2155

  • Slide extends as risk-off drives safe havens up, stocks & commodities down

  • EUR/USD trades down to 1.2135 (EBS) ahead of Powell's testimony

  • UST yields, US$ drop as Fed policy likely to be unchanged nL1N2KT11N

  • Equities, commodities bounce while safe-haven US$ buying abates

  • EUR/USD lifts to 1.2166 before settling near 1.2150 late in the session

  • Daily doji forms, daily RSI diverges, could be warnings for EURUSD longs

  • Monthly long legged doji is a bullish signal though, rally likely to resume

  • Powell/Fed to counter ECB yield concerns, supporting EUR/USD nL1N2KT1WK

  • For more click on FXBUZ




eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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