By Christopher Romano — Aug 16 - 02:10 PM
Sellers emerged when EUR/USD neared the 55- & 10-DMAs & daily cloud top
NY opened near 1.0915 then hit 1.0923 on EBS when sellers again emerged
UST yield US10YT=RR gains, broad based US$ buying weighed on EUR/USD
USD/CNH rally to 7.3395 on D3 helped drive EUR/USD to new session lows
Drops in equities ESv1, oil LCOc1 helped underpin US$ buying
EUR/USD fell below the daily cloud base, neared 1.0885 ahead of Fed minutes
After Fed minutes EUR/USD added to losses, 1.0880 hit on EBS late in the day
Techs are bearish; RSIs falling, daily inverted hammer formed
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary