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Sep 05 - 03:48 PM
EUR/USD - Longs Lose Their Grip For Now
First appeared on eFXplus on Sep 05 - 01:50 PM
  • Pair rallies above 1.1080 in early NY as safe havens are sold
  • US$, yen & CHF sales help lift EUR/USD near the 21-DMA
  • Upbeat US econ data sends UST yield & short term rates higher, US$ rallies
  • EUR/USD slides below the 10-DMA, sits near flat late in the day
  • Daily techs warn longs, monthly techs bullish but still early in September
  • S-T rally intact; data, looming risks induce today's pullback

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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