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Aug 16 - 03:55 PM

EUR/USD - Dollar Bulls Continue To Hold The Advantage

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

Refinitiv IFR Research/Market Commentary


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