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Oct 04 - 06:55 AM

EUR/USD - Euro Zone Investor Morale Slumps, EUR/USD Rises

By Jeremy Boulton  —  Oct 04 - 05:07 AM
  • Euro zone investor morale slumps to 6-month low

  • Sentix's index 16.9 in Oct from 19.6 and vs 18.6 f/c nS8N2QM004

  • EUR/USD rises 1.1596-1.1616 EBS in Europe, Asia 1.1588-1.1614

  • Small lift follows slide into oversold territory

  • Pair may gravitate towards neutral ground which is closer 1.1729

  • One-month vol suppressed at 5.0, EUR 2.3 expiries 1.1600-50 to contain

  • Big changes in betting support heightened risk of a rally nL1N2R00AF

  • EUR close to point from where it should resume its climb nL1N2R008J


EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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