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Oct 02 - 03:55 PM

EUR/USD - Bears Lose Some Traction But Are Still In The Game

By Christopher Romano  —  Oct 02 - 01:40 PM
  • Europe trades 1.1742-1.1709, NY opens near 1.1715, choppy trade follows

  • NFP is below estimate, U. Rate drops below 8.0%; EUR/USD sinks nL1N2GT0K7

  • EUR/JPY falls to 123.11 on EBS, EUR/USD sinks to 1.1699 on EBS

  • Risk sentiment improves after Speaker Pelosi stimulus comments nL1N2GT17M

  • EUR/USD lifts near 1.1720 and sits nearby late in the session

  • Techs lean bearish; 10-DMA pierced, daily, monthly RSIs imply bear momentum

  • A U.S. stimulus deal might be what saves EUR/USD longs nL1N2GT0W8

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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