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Feb 23 - 01:55 PM

EUR/USD - Balanced Risks, Lack Of Catalyst Help Keep The Range Tight

By Christopher Romano  —  Feb 23 - 01:15 PM
  • NY opened near 1.0825, pair then hit a session high 1.0840 on EBS

  • Sellers emerged, 1.0812 was hit, pair neared flat late in the session

  • Pair's gains aided by wider DE-US spreads US2DE2=RR, EUR/JPY drop

  • Equity ESv1, gold XAU= gains & USD/CNH slip from high limited downside

  • Techs indicate investor indecision; daily & monthly doji candles in place

  • EUR/USD above 10- & 21-DMAs but below 200-DMA add to muddied tech signals

  • Investors await US Q4 GDP, Feb. PCE, claims reports for directional cues

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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