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Feb 16 - 09:55 PM

EUR/USD - CORRECTED-BUZZ-EUR/USD - Stops Below 1.0650, Targets 1.0450 On Break

By Catherine Tan  —  Feb 16 - 07:55 PM

Corrects decimal point in headline, 1st and 2nd bullets

  • EUR/USD on cusp of breakdown, stops eyed below 1.0650

  • Hedge funds, corporates and stale bears cited sellers overnight below 1.0670

  • Markets spooked by strong US data, Fed's Mester & Bullard's hawkish comments

  • EUR/USD traded to 1.0655 low in NY, last at 1.0655-60

  • Close below 1.0650 targets 1.0450 next

  • DXY last at 104.20, close above 103.81 targets 105.0

  • Related nL1N34V0DC

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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