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Jan 15 - 03:48 PM
EUR/USD - Breaking Bad For Shorts
First appeared on eFXplus on Jan 15 - 01:30 PM
  • Rally begun in Europe's morning extends in NY, PPI data boosts nL1N29K0L3

  • EUR/USD breaks above 10, 21 & 200-DMAs, euro buys on crosses aide the lift

  • Rally stalls near Jan 8 high, very little pull back; longs grow confident

  • Options, yield spreads, US inflation gets longs' attention nL1N29K0S2

  • EUR/USD price action bolsters already slightly bullish techs nL1N29K0ZM







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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