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Feb 15 - 01:55 AM

EUR/USD - Heavy On Repeated Failure At 1.08, Eyes 1.0650-70

By Catherine Tan  —  Feb 15 - 01:10 AM
  • EUR/USD trades heavy after repeated failure at 1.08 in recent trades

  • Bears focus at 1.0650-1.0670 supports, sell stops eyed below

  • Target for sell-off below 1.0650 at 1.0450, no change in view nL1N34T07V

  • Hawkish Fed expectations after rise in US inflation, bounce in DXY boost USD

  • DXY last at 103.44, off 102.50 overnight low, nearby resistance at 103.53

  • Further resistance in DXY at 103.81 61.8% fibo, 103.84 Monday high

  • Close above targets return to 105 January highs

  • EUR/USD last at 1.0713-17, traded 1.0712-44 so far in Asia

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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